Renewable fuel generation through Power-to-X hubs

To decarbonize the parts of the industrial and heavy transportation sectors that are difficult to electrify, the European Commission recently suggested criteria for the generation of renewable fuels. These requirements are necessary to decarbonize these sectors. It is possible to achieve efficient synergies between energy infrastructures, production facilities, and storage choices by utilizing power-to-X (P2X) energy hubs. In this project, we will investigate the most effective way to run an energy hub by utilizing the adaptability of P2X, which includes synthesizers for ammonia, methanol, and hydrogen. We do this by examining prospective revenue streams, such as the day-ahead and reserve markets. The model to be developed will be a mixed-integer linear program. Its purpose is to maximize the profit of the hub based on the current market prices. This is accomplished while taking into account the technological constraints of P2X, which include unit commitment. We will conduct an investigation into a representative energy hub and analyze the energy hub’s operations, considering alternative expansion pathways.