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(BAT) Reference Document for the Production of Chlor-alkali ...

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Chapter 6<br />

hydrogen that is burnt to produce steam may become available to fuel cells if <strong>the</strong> overall system<br />

price allowed <strong>for</strong> interesting paybacks. The payback time depends on <strong>the</strong> end use (e.g. use <strong>of</strong><br />

direct current in electrolysis cells to reduce electricity consumption or to increase production<br />

capacity, conversion to alternating current and feeding to <strong>the</strong> grid) and associated costs (e.g.<br />

hydrogen value, grid electricity price, value <strong>of</strong> extra production) [ 114, Delfrate and Schmitt<br />

2010 ].<br />

A business case provided by one equipment provider <strong>for</strong> a 2 MW PEMFC power plant with<br />

estimated investment costs <strong>of</strong> EUR 5 000 000 is presented in Table 6.1. Based on <strong>the</strong>se figures, a<br />

payback time <strong>of</strong> approximately six years can be calculated. Ano<strong>the</strong>r equipment provider<br />

estimates a payback time <strong>of</strong> approximately five years if <strong>the</strong> electricity price is approximately<br />

100 EUR/MWth [ 111, Ballard 2010 ]. However, if an electricity price <strong>of</strong> 60 EUR/MWh is<br />

assumed, it can be derived from Table 6.1 that <strong>the</strong> technique is not economically viable, which<br />

is in line with a previous study [ 113, Moussallem et al. 2009 ].<br />

WORKING DRAFT IN PROGRESS<br />

TB/EIPPCB/CAK_Draft_1 December 2011 297

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