Hello,
I am completing my MSc thesis on the topic of converting wind power to hydrogen and synthetic natural gas as a form of storage and regulation. I will be conducting a financial analysis of alternatives, including selling wind power directly via a PPA, versus storing power during peak production and/or low demand and selling it on the spot energy market during high spot market prices.
I was wondering if SAM can be used as a tool for this application? My original proposal was to use Matlab/Simulink for all of the analyses, however, it seems that reading about SAM, this model approach may already exist.
I would appreciate any feedback on this issue. Basically what I have at the moment is 10-minute met mast wind data for 2 years, 15-minute energy spot market data for the same period of time, and a Matlab/Simulink model of a power-to-gas system that converts wind power to hydrogen and methane. From that I would like to compare different financial alternatives for economic viability as a possible justification for investment, even when subsidies (e.g. CDM and PPA) are not available.
Many thanks in advance, Daniella