GreenBubble – ROI on green technology

This research project examines how to strike the right balance between investments in green technology and the return on investments for the green transition. This is done through the use of open-source energy system software, which investigates the interaction between energy prices and GreenLab Skive’s dynamic CO2-emissions. 

Project results
An hourly optimization model for capacity and dispatch at GreenLab Skive was implemented using the open-source framework PyPSA. The techno-economic optimization results include: 

• Estimation of hydrogen and e-methanol production costs at GreenLab according to RFNBO’s regulation for 2030. 
• Estimation of behind-the-meter energy prices and their dependency on grid energy prices, emissions, and CO2 tax. 

What the researchers think
"Working with GreenLab has been an interesting journey in an organization open to new solutions and innovation. This mission-driven research project was supported by GreenLab through open-minded collaboration and constant support. The diverse research community, spanning engineering, economics, and sustainability, enhanced learning and opportunities for further collaboration," says Gorm Bruun Andresen, Associate Professor, Aarhus University. 

which was endorsed and supported by GreenLab through an open minded collaboration and constant support. The research community is diversified over several fields of engineering economics and sustaibility enhancing learning and opportunity for further collaboration". 

Publications:

Journal Article: “Power-to-X integration in biogas plants: industrial symbiosis and cost optimal production of hydrogen and e-fuels” in preparation for submission to Energy Conversion and Management

Conference Article: Enhancing biogas plants through Power-to-X integration for efficient hydrogen and e-fuel production” accepted to ECOS2024 conference.

Funding Agency: