Economic cost of ammonia energy storage system

What is ammonia based energy storage system?

The ammonia-based energy storage system presents an economic performance which is comparable to the pumped hydro and the compressed air energy storage systems. The major advantage of the ammonia-based system is the much broader applicability, because it is not constrained by geological conditions.

How does the Ammonia economy work?

As part of the Ammonia Economy, costs for production, storage, and transportation of this alternative fuel are also presented. The cost of hydrogen, which is the main feedstock for ammonia production, was first determined for both fossil-fuel and alternative energy sources.

Can ammonia be used as energy storage?

Developers around the world are looking at using ammonia as a form of energy storage, essentially turning an ammonia storage tank into a very large chemical battery. In the UK, Siemens is building an “all electric ammonia synthesis and energy storage system.”

How much does ammonia production cost?

Recently, Bañares-Alcántara et al. (2014) detailed the cost of each step for a production of ammonia of 750 tons per year (with a service factor of 75%). From this work, the ASU process is evaluated at 340 €/kW, including in a Mini Ammonia Production Unit, from Proton Ventures, with a total cost (CAPEX and OPEX) around 6,780 €/kW.

Is renewable ammonia a good investment?

The main hurdle for renewable ammonia plants is the high capital investment. Afterward, the operational costs of renewable ammonia are very competitive with fossil-based ammonia production. Ammonia can be transported across continents at a cost typically below 100 USD/t. This means ammonia is a commodity traded across the globe .

Is ammonia an alternative fuel and energy storage mechanism?

p>This thesis reports the results of a feasibility study performed on the concept of an Ammonia Economy, which treats ammonia as an alternative fuel and energy storage mechanism. As part of the Ammonia Economy, costs for production, storage, and transportation of this alternative fuel are also presented.