Economics of converting renewable power to hydrogen

Economics of Renewable Natural Resources

Renewable natural resources include those resources useful to human economies that exhibit growth, maintenance, and recovery from exploitation over an economic planning horizon. The economics of such resources has traditionally considered stocks of fish, forests, or freshwater, much like a banker would tally interest on cash deposits. From an economic point of view, the management of biomass, s...

The Economics of Spatial-Dynamic Processes: Applications to Renewable Resources

Spatial-dynamic processes in renewable resource economics pose difficult conceptual, analytical, empirical, and institutional challenges that are distinct from either spatial or dynamic problems. We describe the challenges and conceptual approaches using both continuous and discrete depictions of space and summarize key findings. Using a metapopulation model of the fishery and simulated economi...

On the Economics of Non-Renewable Resources

This paper presents an overview of the key economic results associated with the use of non-renewable resources. The basic Hotelling model of resource depletion is discussed, followed by several extensions. The fundamental result is that scarcity rent rises at the discount rate, and that at equilibrium, marginal benefits from extraction must equal the marginal economic cost. If marginal extracti...

Economics of Nuclear and Renewable Electricity Energy

Integrated Renewable Hydrogen Utility System

This paper describes the plans for a Phase II program recently awarded to Proton Energy Systems, Inc. (Proton) under cooperative agreement DE-FC36-98GO10341 with the Golden Field Office of the Department of Energy (DOE). The ultimate goal of this project is to enable the link to sustainability by converting excess renewable power into hydrogen and having that hydrogen available for conversion b...