Techno-economic analysis of thermochemical water-splitting system for Co-production of hydrogen and electricity

The two-step thermochemical metal oxide water-splitting cycle with the state-of-the-art material ceria inevitably produces unutilized high-quality heat, in addition to hydrogen (H₂). This study explores whether the ceria cycle can be of greater value by using the excess heat for co-production of electricity. Specially, this technoeconomic study estimates the H₂ production cost in a hybrid ceria cycle, in which excess heat produces electricity in an organic Rankine cycle, to increase revenue and decrease H₂ cost. The estimated H₂ cost from such a co-generation multi-tower plant is still relatively high at $4.55/kg, with an average H₂ production of 1431 kg/day per 27.74 MW_th tower. Sensitivity analyses show opportunities and challenges to achieving $2/kg H₂ through improvements such as increased solar field efficiency, increased revenue from electricity sales, and a decreased capital recovery factor from baseline assumptions. While co-production improves overall system efficiency and economics, achieving $2/kg H₂ remains challenging with ceria as the active material and likely will require a new material.