Search

With the target of carbon peaking and carbon neutrality, renewable energy generation (REG) develops rapidly. The increasing penetration of REG brings along the problems of fluctuation in power flow and the possible abandonment of wind and photovoltaics (PV) generation. In this context, the so-called integrated energy system (IES) becomes a promising solution to the accommodation of REG thanks to energy storage systems and coupling devices inside. In this paper, the optimal operation model of an IES is first presented, with the schemes of green certificate trading and carbon emission right trading included to provide economic incentives for accommodating REG. Next, in order to address the problem of uncertainty in REG, the devices in the IES are divided into three types based on regulation flexibility, and a multi-time period optimal dispatching scheme is proposed, including day-ahead optimal scheduling, rolling optimal dispatching, and real-time control strategy. Finally, it is demonstrated by simulation results of a numerical example that the proposed method not only promotes the accommodation capability for REG but can also cope well with contingencies. [ABSTRACT FROM AUTHOR]

The global resurgence of hydrogen as a clean energy source, particularly green hydrogen derived from renewable energy, is pivotal for achieving a carbon-neutral future. However, scalability poses a significant challenge. This research proposes innovative business models leveraging the low-emission property of green hydrogen to reduce its financial costs, thereby fostering its widespread adoption. Key components of the business workflow are elaborated, mathematical formulations of market parameters are derived, and case studies are presented to demonstrate the feasibility and efficiency of these models. Results demonstrate that the substantial costs associated with the current hydrogen industry can be effectively subsidized via the implementation of proposed business models. When the carbon emission price falls within the range of approximately 86–105 USD/ton, free access to hydrogen becomes a viable option for end-users. This highlights the significance and promising potential of the proposed business models within the green hydrogen credit framework. • Business models for trading green hydrogen credits are designed the first time. • It provides innovative financial solutions to decrease the cost of green hydrogen. • Incentives of utilizing green hydrogen are created using proposed business models. • The adoption of proposed trading framework can stimulate global hydrogen economy. • This work accelerates the progress towards a carbon-neutral future. [ABSTRACT FROM AUTHOR]