While Carbon Capture and Storage (CCS) technologies are being developed with the focus of capturing and storing CO2 in huge quantities, new methods for the chemical exploitation of carbon dioxide (CCU) are being developed in parallel. The intensified chemical or physical utilization of CO2 is targeted at generating value from a limited part of the CO2 stream and developing better and more efficient chemical processes with reduced CO2 footprint. Here, we compare the status of the three main lines of CCS technologies with respect to efficiency, energy consumption, and technical feasibility as well as the implications of CCS on the efficiency and structure of the energy supply chain.
Rare earth elements (REEs) are important raw materials for green technologies. However, REE mining and production uses techniques that are often not environmentally sustainable. Life cycle assessment (LCA) is a well-recognized method for evaluating the environmental impacts of products and technologies. This article provides an overview of the environmental impacts based on published LCA results of primary REE production. Existing major REE deposits (Bayan Obo in China, Mountain Pass in the United States, Mount Weld in Australia, ion-adsorption deposits in several Chinese southern provinces) and currently possible production routes are compared. Alternative minerals, such as eudialyte, are also discussed. The article shows which environmental effects can be minimized by technology optimization and environmental safety strategies. Additionally, some of the environmental impacts discussed, may be difficult to mitigate, as they depend on the mineral type. Activities along the complex process chain of REEs production that have particularly high environmental impacts are identified. Graphical abstract
Alkaline water electrolysis (AWE) is a mature hydrogen production technology and there exists a range of economic assessments for available technologies. For advanced AWEs, which may be based on novel polymer-based membrane concepts, it is of prime importance that development comes along with new configurations and technical and economic key process parameters for AWE which might be of interest for further economic assessments. This paper presents an advanced AWE technology referring to 3 different sites in Europe (Germany, Austria, Spain). The focus is on financial metrics, the projection of key performance parameters of advanced AWEs, and further financial and tax parameters. For financial analysis from an investor’s (business) perspective, a comprehensive assessment of a technology not only comprises cost analysis but also further financial analysis quantifying attractiveness and supply/market flexibility. Therefore, based on Cash Flow (CF) analysis, a comprehensible set of metrics may comprise Levelised Cost of Energy or, respectively, Levelised Cost of Hydrogen (LCH) for cost assessment, Net Present Value (NPV) for attractiveness analysis and Variable Cost (VC) for analysis of market flexibility. The German AWE site turns out to perform best in all three financial metrics (LCH, NPV, VC). Though there are slight differences in investment cost and operation and maintenance cost projections for the three sites, the major cost impact is due to the electricity cost. Although investment cost is slightly and labour cost is significantly lower in Spain, the difference can’t outweigh the higher electricity cost compared to Germany. Given the assumption that the electrolysis operators are customers directly and actively participating in power markets, and based on the regulatory framework in the three countries, in this special case electricity cost in Germany is lowest. However, as electricity cost is profoundly influenced by political decisions as well as the implementation of economic instruments for transforming electricity systems toward sustainability, it is hardly possible to further improve electricity price forecasts.
Security of electricity supply has become a fundamental requirement for well-functioning modern societies. Because of its central position in all sections of society, the present paper considers the economic consequences of a power supply interruption. The Value of Lost Load (VoLL) is a monetary indicator expressing the costs associated with an interruption of electricity supply. This paper reviews different methods for calculating VoLL, provides an overview of recently published studies, and presents suggestions to increase the explanatory power and international comparability of VoLL.
4 June 2009 in The International Journal of Life Cycle Assessment