SOLUTIONS

SOLUTIONS

Economics of Methanol+Storage Hybrid Power Supply


  Conventional diesel generator sets  Diesel-fired or methanol generator + energy storage hybrid power station 
Project Scenarios  50-type oilfield drilling project, the average load of about 1000KW, the highest 2,000KW, with an average monthly consumption of 500,000 kWh 
Power Supply Equipment Specifications  1,000KW diesel-fired unit  400KW diesel-fired unit + 500KWh energy storage  400KW methanol unit + 500KWh energy storage
Number of Power Supply Equipment (Units) 3 5+1 5+1

 

A. Comparison of equipment procurement modalities

 

Conventional diesel generator sets (procurement)

Diesel generator + energy storage hybrid power station (procurement)

Hybrid power plant for methanol generators + energy storage (procurement)

note

Electricity consumption (10,000 kWh/month)  50  
Equipment procurement cost (10,000 yuan)  150 205 305 Tax excluded 
Difference in initial investment (10,000 yuan)  - 55 155 vs. pure diesel 
Unit energy consumption consumption (kg/kWh)  0.36 (Diesel) 0.288 (Diesel) 0.45 (Methanol)  
Monthly energy consumption (tons/month)  180 144 225  
Monthly fuel cost (10,000 yuan) 144 115.2 49.5 Diesel 8000RMB/ton, Methanol 2200RMB/ton
Maintenance (10,000 yuan)  0.75 0.5 0.5 Maintenance incl. labor 
Comprehensive cost (10,000 yuan)  144.75 115.7 50  
Savings (10,000 yuan)  - -29.05(-30%) -94.75(-50.7%) vs. pure oil engine
Difference in payback period (months) - 1.9 1.6  

 

B. Comparison of electricity sales models

  Conventional Generator Sets (electricity sales) Diesel Generator + Energy Storage Hybrid Power Station (electricity sales)  Methanol Generator + Energy Storage Hybrid Power Station (electricity sales)  Remarks
Electricity consumption (10,000 kWh/month)  50  
Electricity price ($/kWh)  4.0 3.0 1.8 Reference price, actual Depends on fuel prices in different regions 
Electricity cost (10,000/year)  200 150 90  
Savings (10,000/year) - 50(-25%) -110(-55%) vs. diesel-only generators