000			01802nab a2200193 4500
005			20260520000814.0
008			260224s2008 xxu
210			_a3925-3939
245	0	0	_aNuclear hydrogen _bAn assessment of product flexibility and market viability
260			_a _b _cOct. 2008
270			_a2009-04-13 ; 2009-04-13
300			_a13 p. ; 3961-3973
520			_aTranscripción del resumen publicado por el autor: Nuclear energy has the potential to play an important role in the future energy system as a large-scale source of hydrogen without greenhouse gas emissions. Thus far, economic studies of nuclear hydrogen tend to focus on the levelized cost of hydrogen without accounting for the risks and uncertainties that potential investors would face. We present a financial model based on real options theory to assess the profitability of different nuclear hydrogen production technologies in evolving electricity and hydrogen markets. The model uses Monte Carlo simulations to represent uncertainty in future hydrogen and electricity prices. It computes the expected value and the distribution of discounted profits from nuclear hydrogen production plants. Moreover, the model quantifies the value of the option to switch between hydrogen and electricity production, depending on what is more profitable to sell. We use the model to analyze the market viability of four potential nuclear hydrogen technologies and conclude that flexibility in output product is likely to add significant economic value for an investor in nuclear hydrogen. This should be taken into account in the development phase of nuclear hydrogen technologies.
581			_a10
773	0		_tEnergy Policy _g36
942			_cARTICULO
100	1		_aBotterud, Audun _940785
999			_c169506 _d169506