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Nuclear Production of Hydrogen, Fourth Information Exchange ...

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MARKET VIABILITY OF NUCLEAR HYDROGEN TECHNOLOGIES: QUANTIFYING THE VALUE OF PRODUCT FLEXIBILITY<br />

Market viability <strong>of</strong> nuclear hydrogen technologies:<br />

Quantifying the value <strong>of</strong> product flexibility<br />

Audun Botterud, 1 Bilge Yildiz, 2 Guenter Conzelmann, 1 Mark C. Petri 1<br />

1Argonne National Laboratory, IL, USA<br />

2Massachusetts Institute <strong>of</strong> Technology, MA, USA<br />

Abstract<br />

We analyse the market viability <strong>of</strong> four potential nuclear hydrogen technologies. We focus on the<br />

value <strong>of</strong> product flexibility, i.e. the value <strong>of</strong> the option to switch between hydrogen and electricity<br />

production depending on what is more pr<strong>of</strong>itable to sell. We find that flexibility in output product is<br />

likely to add significant economic value to a nuclear hydrogen plant. Electrochemical technologies lend<br />

themselves more easily to flexible production than thermochemical technologies. Potential investors in<br />

nuclear hydrogen may therefore see these as more viable in the marketplace.<br />

NUCLEAR PRODUCTION OF HYDROGEN – © OECD/NEA 2010 343

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