Efficient subsidy distribution for hydrogen fuel cell vehicles based on demand segmentation

Park, Soyeong; Maeng, Kyuho; Shin, Jungwoo

doi:10.1016/j.techfore.2022.122113

Cited by 6 publications

(4 citation statements)

References 44 publications

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“…However, initiatives from the governments for the promotion of hydrogen technologies are reported, for instance, in the case of fuel cell electric vehicles (FCEVs). For this application, subsidies for the purchase of FCEVs are reported and are considered necessary to increase the market penetration of FCEVs and boost the replacement of internal combustion engines towards the decarbonization of the mobility sector [45,46]. Subsidies aiming at the development of stationary fuel cell applications and hydrogen infrastructure are also reported [45].…”

Section: Discussionmentioning

confidence: 99%

Techno-Economic Analysis of a Hydrogen-Based Power Supply Backup System for Tertiary Sector Buildings: A Case Study in Greece

Tziritas,

Stavrakakis,

Bakirtzis

et al. 2023

Sustainability

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In view of the European Union’s strategy on hydrogen for decarbonization and buildings’ decarbonization targets, the use of hydrogen in buildings is expected in the future. Backup power in buildings is usually provided with diesel generators (DGs). In this study, the use of a hydrogen fuel cell (HFC) power supply backup system is studied. Its operation is compared to a DG and a techno-economic analysis of the latter’s replacement with an HFC is conducted by calculating relevant key performance indicators (KPIs). The developed approach is presented in a case study on a school building in Greece. Based on the school’s electricity loads, which are calculated with a dynamic energy simulation and power shortages scenarios, the backup system’s characteristics are defined, and the relevant KPIs are calculated. It was found that the HFC system can reduce the annual CO2 emissions by up to 400 kg and has a lower annual operation cost than a DG. However, due to its high investment cost, its levelized cost of electricity is higher, and the replacement of an existing DG is unviable in the current market situation. The techno-economic study reveals that subsidies of around 58–89% are required to foster the deployment of HFC backup systems in buildings.

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Section: Discussionmentioning

confidence: 99%

Techno-Economic Analysis of a Hydrogen-Based Power Supply Backup System for Tertiary Sector Buildings: A Case Study in Greece

Tziritas,

Stavrakakis,

Bakirtzis

et al. 2023

Sustainability

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show abstract

“…[231,232] The government policies to provide attractive incentives to increase number of stakeholders into this business are vital. [233,234] Also, FC demand will get enhanced by increasing subsidy paid to the manufacturer and reduction in the tax levied. [235] In order to increase the willingness to replace conventional vehicles with FC heavy-duty vehicles, there is a need for better production strategies, revisiting government subsidy policies, and developing evolved marketing plans.…”

Section: Future Outlook Of Fuel Cellsmentioning

confidence: 99%

“…Consumers developed preferences need to meet expectations with the help of technologies and government policies for higher diffusion of FC applications [231,232] . The government policies to provide attractive incentives to increase number of stakeholders into this business are vital [233,234] . Also, FC demand will get enhanced by increasing subsidy paid to the manufacturer and reduction in the tax levied [235] .…”

Section: Future Outlook Of Fuel Cellsmentioning

confidence: 99%

A Critical Review on Hydrogen Based Fuel Cell Technology and Applications

Gupta,

Toksha,

Rahaman

2023

The Chemical Record

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The research in energy storage and conversion is playing a critical role in energy policy as the innovation and technological progress are essential for achieving the energy transition and climate neutrality goals. Hydrogen Fuel Cell technology is considered a strategic element in the pursuit of sustainable and clean energy solutions. This technology is increasingly gaining attention in recent years as a potential substitute to conventional non‐renewable energy sources. Fuel cell technology can be employed for domestic/commercial use along with powering the transportation sector which currently employs the use of conventional battery systems. However, these systems pose severe limitations with respect to longer charging times and limited distance range. This review article aims at providing a comprehensive methodical overview of hydrogen‐based fuel cell technology along with key concepts, present day scenarios, including overview of the market and industry trends, government policies and initiatives, along with major stakeholders involved in scaling up the technology for mass consumption. The outlook of fuel cells, including their capability to revolutionise the energy sector is discussed. The technological advancements and breakthroughs on the horizon along with the challenges and safety concerns related to the widespread acceptance of fuel cells are analysed.

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“…Governments, businesses, and civil society are now recognizing the pressing need to mitigate these effects and transition towards a sustainable future (Arun et al, 2021; Tandon et al, 2023). Achieving carbon neutrality, or the state in which an entity's net carbon emissions are zero, has emerged as a critical milestone in this journey (Hakovirta et al, 2022; Park et al, 2023). Traditionally, businesses have focused primarily on reducing their environmental footprint through incremental improvements in energy efficiency, waste management, and sustainable sourcing (Arun et al, 2021; S. J. Khan et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Artificial intelligence (AI)‐driven strategic business model innovations in small‐ and medium‐sized enterprises. Insights on technological and strategic enablers for carbon neutral businesses

Shaik,

Alshibani,

Jain

et al. 2023

Bus Strat Env

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This study investigates the enhancement of technological and strategic enablers for carbon‐neutral businesses (CNB) through artificial intelligence (AI)‐driven business model innovation (AIDBMI). Drawing upon the insights gained from the literature review, the study employs structural equation modeling (partial least squares structural equation modeling [PLS‐SEM]) as the methodology to examine the relationships between AIDBMI, technological enablers, strategic enablers, and the attainment of carbon neutrality. The sample size consists of 326 small‐ and medium‐sized enterprises (SMEs) in the United States of America. The findings of this study affirm the significant positive relationships between AIDBMI and both technological and strategic enablers for CNB. The utilization of AI technologies proves to be instrumental in fostering the development and implementation of innovative business models that integrate sustainability practices and address environmental challenges. By leveraging AIDBMI, SMEs can harness technological advancements to adopt energy‐efficient processes, embrace renewable energy solutions, and implement effective carbon reduction strategies. Moreover, the study highlights the critical role of strategic enablers in driving the transition towards carbon neutrality. The alignment of sustainability goals with organizational strategies, stakeholder collaboration, and employee engagement emerge as pivotal factors in enabling SMEs to effectively utilize AIDBMI and leverage technological advancements to achieve carbon neutrality. The implications of this study contribute to the existing literature by highlighting the importance of technological and strategic enablers in creating CNB. By integrating AIDBMI, organizations can drive sustainable transformations, optimize their operations, and align their resource management with sustainable practices. These insights provide valuable guidance for SMEs, policymakers, and researchers seeking to foster sustainable practices, promote carbon neutrality, and contribute to the advancement of a low‐carbon economy.

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Efficient subsidy distribution for hydrogen fuel cell vehicles based on demand segmentation

Cited by 6 publications

References 44 publications

Techno-Economic Analysis of a Hydrogen-Based Power Supply Backup System for Tertiary Sector Buildings: A Case Study in Greece

Techno-Economic Analysis of a Hydrogen-Based Power Supply Backup System for Tertiary Sector Buildings: A Case Study in Greece

A Critical Review on Hydrogen Based Fuel Cell Technology and Applications

Artificial intelligence (AI)‐driven strategic business model innovations in small‐ and medium‐sized enterprises. Insights on technological and strategic enablers for carbon neutral businesses

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