Techno-Economic Analysis of Micro Fuel Cell Cogeneration and Storage

FCN Working Paper No. 23/2016

42 Pages Posted: 11 Jan 2018

Date Written: December 1, 2016

Abstract

In this paper, the effectiveness of support schemes for micro fuel cells in Germany is analyzed with regard to the latest market conditions, support schemes, and legislative changes. Specifically, we analyze whether polymer electrolyte membrane fuel cells (PEMFCs) are a feasible investment option for residential usage in Germany, or whether they are likely to become so soon. Furthermore, we investigate whether electric energy storage could be a useful extension to the domestic fuel cell system by supplying short-term peak demand, and thus increasing self-consumption and potentially the overall economic merit. We find that PEMFCs are unlikely to become a competitive technology by 2020, and it may take quite some time to achieve a substantial market diffusion. Finally, we find that electric energy storage in combination with an FC system is found not to be a worthwhile investment in a grid-connected scenario.

Keywords: CHP, Micro fuel cell, PEMFC, Battery storage, Economic evaluation, Market diffusion Germany

JEL Classification: Q40

Suggested Citation

Löbberding, Laurens and Madlener, Reinhard, Techno-Economic Analysis of Micro Fuel Cell Cogeneration and Storage (December 1, 2016). FCN Working Paper No. 23/2016. Available at SSRN: https://ssrn.com/abstract=3098033 or http://dx.doi.org/10.2139/ssrn.3098033

Laurens Löbberding

RWTH Aachen University ( email )

Templergraben 55
52056 Aachen, 52056
Germany

Reinhard Madlener (Contact Author)

RWTH Aachen University ( email )

School of Business and Economics / E.ON ERC
Mathieustraße 10
Aachen, 52074
Germany
+49 241 80 49 820 (Phone)
+49 241 80 49 829 (Fax)

HOME PAGE: http://www.eonerc.rwth-aachen.de/fcn

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