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Hauptverfasser: Li, Siying, Tong, Lang, Mount, Timothy, Upadhyay, Kanchan, Eisenhardt, Harris, Kumar, Pradip
Format: Preprint
Veröffentlicht: 2025
Schlagworte:
Online-Zugang:https://arxiv.org/abs/2504.18368
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author Li, Siying
Tong, Lang
Mount, Timothy
Upadhyay, Kanchan
Eisenhardt, Harris
Kumar, Pradip
author_facet Li, Siying
Tong, Lang
Mount, Timothy
Upadhyay, Kanchan
Eisenhardt, Harris
Kumar, Pradip
contents We study the optimal green hydrogen production and energy market participation of a renewable-colocated hydrogen producer (RCHP) that utilizes onsite renewable generation for both hydrogen production and grid services. Under deterministic and stochastic profit-maximization frameworks, we analyze RCHP's multiple market participation models and derive closed-form optimal scheduling policies that dynamically allocate renewable energy to hydrogen production and electricity export to the wholesale market. Analytical characterizations of the RCHP's operating profit and the optimal sizing of renewable and electrolyzer capacities are obtained. We use real-time renewable generation and electricity price data from three independent system operators to evaluate the impacts of market prices and environmental policies on RCHP's profitability.
format Preprint
id arxiv_https___arxiv_org_abs_2504_18368
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle Renewable-Colocated Green Hydrogen Production: Optimal Scheduling and Profitability
Li, Siying
Tong, Lang
Mount, Timothy
Upadhyay, Kanchan
Eisenhardt, Harris
Kumar, Pradip
Systems and Control
We study the optimal green hydrogen production and energy market participation of a renewable-colocated hydrogen producer (RCHP) that utilizes onsite renewable generation for both hydrogen production and grid services. Under deterministic and stochastic profit-maximization frameworks, we analyze RCHP's multiple market participation models and derive closed-form optimal scheduling policies that dynamically allocate renewable energy to hydrogen production and electricity export to the wholesale market. Analytical characterizations of the RCHP's operating profit and the optimal sizing of renewable and electrolyzer capacities are obtained. We use real-time renewable generation and electricity price data from three independent system operators to evaluate the impacts of market prices and environmental policies on RCHP's profitability.
title Renewable-Colocated Green Hydrogen Production: Optimal Scheduling and Profitability
topic Systems and Control
url https://arxiv.org/abs/2504.18368