5  Results

After running the optimization, the Results window displays the complete output of the optimization process. This chapter explains each section of the Results view.

The Results window is organized into several collapsible sections, each presenting different aspects of the optimization output. The following sections provide detailed explanations of each component of the results.

5.1 Opening results

To view the results of a scenario:

  1. In the Sidebar, expand the scenario you want to analyze
  2. Click on Results
  3. The Main window will display results

Results are only available after a successful optimization run.

5.2 Quick summary

At the top of the Results window, a quick summary provides immediate insight into the investment viability:

  • Total profit: The amount of money the recommended investment could generate or save over the defined project lifetime compared to the no-investment case
  • Payback period: The number of years required for the investment to pay for itself through generated savings or revenue

5.3 Key recommendations (optimal sizes)

The Key recommendations section presents the optimal sizes of all major components in your energy system. These are the capacities that the optimization algorithm has determined will maximize the economic performance while meeting all technical constraints.

5.3.1 Components displayed

The following components are shown with their optimal sizes:

Component Unit Description
PV capacity kWp Total photovoltaic system capacity
Wind farm capacity kW Installed wind turbine capacity
Battery storage kWh Total battery energy storage capacity
Battery converter kW Power conversion system capacity for battery
Electrolyser capacity kW Total electrolyser capacity for hydrogen production
Fuel cell capacity kW Total fuel cell capacity for power generation
H2 storage kg Hydrogen storage tank capacity
O2 storage kg Oxygen storage tank capacity
Grid connection kW Electrical grid connection capacity

5.3.2 How to interpret

  • Components with zero values are not recommended for installation in the optimal configuration.
  • These sizes represent the economically optimal solution based on your inputs.

5.4 Financial results

The Financial Results section provides a comprehensive economic analysis of the optimized system.

5.4.1 Costs, revenues, and profits

This table presents the basic financial metrics:

Indicator Description
Total investment cost (CAPEX) The total upfront capital expenditure required to build the system, including all components and installation costs
Yearly operational cost (OPEX) Annual operating expenses including maintenance, consumables, and variable costs
Yearly revenue Annual income generated from selling hydrogen, oxygen, heat, or electricity
Yearly profit Annual net profit defined as \(REVENUE - OPEX\)

5.4.2 Financial indicators

The financial indicators table provides advanced metrics for investment analysis.

5.4.2.1 Payback period

The payback period, also refered to as payoff period represents the time required for the cumulative cash flows from the investment to equal the initial capital expenditure.

Formula: \[N_{payoff} = \frac{CAPEX}{Profit_{total} - Profit_{exist}}\]

Where:

  • \(CAPEX\) = Total investment cost
  • \(Profit_{total}\) = Annual profit with the new system
  • \(Profit_{exist}\) = Annual profit from existing infrastructure only

5.4.2.2 Net present value (NPV)

NPV calculates the present value of all cash flows over the project lifetime, discounted at the specified rate. A positive NPV indicates that the investment is financially attractive.

Formula: \[NPV = -CAPEX + (Profit_{total} - Profit_{exist}) \times \frac{1 - (1+R)^{-N_{DL}}}{R}\]

Where:

  • \(R\) = Discount rate
  • \(N_{DL}\) = Project lifetime in years

5.4.2.3 Return on investment (ROI)

ROI expresses the total return on investment as a percentage over the project lifetime.

Formula: \[ROI = N_{DL} \times \frac{Profit_{total} - Profit_{exist}}{CAPEX} \times 100\%\]

5.4.2.4 Internal rate of return (IRR)

IRR is the discount rate that makes the NPV equal to zero. It represents the effective annual return on the investment. If the IRR exceeds your required rate of return, the investment is worthwhile.

5.4.2.5 Levelized cost of electricity (LCOE)

LCOE represents the average cost per unit of electricity produced by the system over its lifetime. It allows comparison with grid electricity prices or other generation technologies.

Formula: \[LCOE = \frac{PROFIT_{total\_without\_en} - PROFIT_{exist} - \frac{CAPEX}{N_{DL}}}{E_{consumed}} \times 1000\]

Unit: €/MWh

  • \(PROFIT_{total\_without\_en}\) stands for annual profit without cost of electricity in [€].
  • \(E_{consumed}\) stands for annual amount of electricity imported into the hydrogen hub in [kWh].

5.4.2.6 Levelized cost of hydrogen (LCOH)

LCOH represents the average cost per kilogram of hydrogen produced. This is particularly useful for comparing hydrogen production costs from different technologies or against market prices.

Formula: \[LCOH = \frac{\frac{CAPEX}{N_{DL}} + PROFIT_{exist} - PROFIT_{total\_without\_H2}}{m_{H2,sold}}\]

Unit: €/kg

  • \(PROFIT_{total\_without\_H2}\) stands for annual profit without revenue from selling hydrogen [€].
  • \(m_{H2,sold}\) stands for annual amount of hydrogen sold on the market in [kg].

5.5 Operational overview

The Operational Overview section shows how the optimized system operates over time.

5.5.1 Yearly energy flows

This table summarizes the annual energy flows for each component, expressed in MWh/year:

Component Description
PV generation Total electricity produced by photovoltaic system
Wind farm generation Total electricity produced by wind turbines
LREP generation Local Renewable Energy Plant generation
RES utilization Renewable energy system utilization
Electrolyser consumption Electricity consumed by electrolyser for hydrogen production
Fuel cell generation Electricity generated by fuel cell
BESS charging Energy that went in battery
BESS discharging Energy discharged from battery

5.5.2 Daily production and sales profiles

The operational overview includes interactive charts showing:

  1. Daily Electrical Power Flows: A time-series chart showing electricity generation and consumption over the simulation period.

  2. Daily Non-Electrical Flows: Shows hydrogen production, hydrogen sales, oxygen sales, and heat sales over time.

  3. Tank States (Mass): Shows the hydrogen and oxygen storage levels over time.

5.6 Detailed investment specification

The Detailed investment specification section provides a breakdown of each component’s optimal size and corresponding investment cost.

5.6.1 Components included

The table includes all system components: Here’s the table converted to sentence case:

Component Unit Description
PV system kWp Solar photovoltaic installation
Wind farm kWp Wind turbine installation
Battery storage kWh Battery capacity
Battery converter kW Power electronics for battery
Electrolyser kW Hydrogen production equipment
Fuel cell kW Power generation from hydrogen
Hydrogen tank kg Hydrogen storage vessel
Oxygen tank kg Oxygen storage vessel
Grid connection kW Electrical grid interface
H2 compressor 1/2 kg/h Hydrogen compression equipment
O2 compressor kg/h Oxygen compression equipment
Water demineralizer kW Water treatment for electrolysis
Water pump kW Water supply pumping
Water grid connection kg/h Municipal water connection
Body of water kg/h Groundwater extraction
Rainwater harvesting Rainwater collection area
Water tank Water storage
Low temp heat exchanger kW Low-temperature heat recovery
High temp heat exchanger kW High-temperature heat recovery
Heat pump kW Heat pump for temperature upgrade
Thermal storage kWh Thermal energy storage
District heating connection kW District heating network interface
H2 grid connection kg/h Hydrogen pipeline or delivery connection

5.6.2 How to read this table

  • Optimal Size: The capacity recommended by the optimization
  • Investment Cost: The calculated capital cost based on the component’s cost parameters
  • Components with zero size are not recommended for the optimal configuration

5.7 Yearly operation summary

This section provides a detailed breakdown of annual production and consumption quantities for all resources:

5.7.1 Hydrogen

Metric Description
Hydrogen production Total hydrogen produced by the electrolyser(s) in kg/year
Hydrogen sales (green) Green hydrogen sold (produced from renewable sources) in kg/year
Hydrogen sales (non-green) Non-green hydrogen sold (from grid electricity) in kg/year
Hydrogen to grid Hydrogen delivered to external grid/pipeline in kg/year

5.7.2 Oxygen

Metric Description
Oxygen production Total oxygen produced as a by-product of electrolysis in kg/year
Oxygen sales Oxygen sold to external customers in kg/year

5.7.3 Heat

Metric Description
Low temperature heat generation Waste heat recovered at lower temperatures (e.g., from electrolyser) in MWh/year
High temperature heat generation Waste heat recovered at higher temperatures in MWh/year

5.7.4 Water

Metric Description
Water consumption Water consumed by the electrolyser for hydrogen production in kg/year

5.8 Electrolyser details

When multiple electrolysers are configured, this section provides a detailed breakdown of each electrolyser stack:

5.8.1 Information provided

Column Description
Electrolyser Name/identifier of the electrolyser
Size (kW) Installed capacity of this specific electrolyser
Investment (€) Investment cost allocated to this electrolyser
H2 production (kg/year) Annual hydrogen production from this electrolyser

This detailed view helps you understand:

  • Which electrolyser types are recommended
  • How the total electrolyser capacity is distributed
  • Individual electrolyser utilization rates

5.9 Green vs non-green energy balance

This section provides insight into the origin of energy used and hydrogen produced. This is particularly important for:

  • Green hydrogen certification
  • Carbon footprint analysis
  • Sustainability reporting

5.9.1 Hydrogen production by source

This table shows the breakdown between green and non-green hydrogen:

Type kg/year Percentage
Green H2 Amount %
Non-green H2 Amount %
Total Amount 100%
  • Green H2: Hydrogen produced using renewable energy sources (PV, wind, etc.)
  • Non-green H2: Hydrogen produced using grid electricity or other non-renewable sources

5.9.2 BESS energy flows

For battery storage systems, this table shows the source of energy used for charging:

Flow Green (MWh) Non-green (MWh) Total (MWh)
Charging From RES From grid Total
Discharging - - Total

This helps you understand the environmental characteristics of your battery operation.

5.10 Capacity factors

Capacity factors indicate how intensively each component is being used relative to its maximum potential.

5.10.1 Understanding capacity factors

The capacity factor is calculated as: \[CF = \frac{Average\ Output}{Installed\ Capacity} \times 100\%\]

5.11 Economic viability assessment

When evaluating the results, consider the following key indicators:

5.11.1 Primary decision metrics

  1. Payback Period: How long until the investment pays for itself.

  2. NPV: Whether the investment creates value

    • Positive NPV: Investment creates value
    • Negative NPV: Investment destroys value
  3. IRR: The effective return on investment

    • Compare against your required rate of return or cost of capital

5.11.2 Secondary considerations

  • LCOE/LCOH: Compare against current market prices
  • Capacity factors: Higher utilization generally means better returns
  • Green hydrogen percentage: Important for sustainability goals and green hydrogen certifications

5.12 Exporting results

Results can be exported in pdf format by clicking at Export to pdf button.