A multicriteria modeling approach for evaluating power generation scenarios under uncertainty: The case of green hydrogen in Greece
DATE: October 10th, 2023
AUTHORS: Diamantis Koutsandreas | Georgios P. Trachanas | Ioannis Pappis | Alexandros Nikas | Haris Doukas | John Psarras
JOURNAL: Energy Strategy Reviews
TITLE: A multicriteria modeling approach for evaluating power generation scenarios under uncertainty: The case of green hydrogen in Greece
Clean energy technological innovations are widely acknowledged as a prerequisite to achieving ambitious long-term energy and climate targets. However, the optimal speed of their adoption has been parsimoniously studied in the literature. This study seeks to identify the optimal intensity of moving to a green hydrogen electricity sector in Greece, using the OSeMOSYS energy modeling framework. Green hydrogen policies are evaluated, first, on the basis of their robustness against uncertainty and, afterwards, against conflicting performance criteria and for different decision-making profiles towards risk, by applying the VIKOR and TOPSIS multi-criteria decision aid methods. Although our analysis focuses exclusively on the power sector and compares different rates of hydrogen penetration compared to a business-as-usual case without considering other game-changing innovations (such as other types of storage or carbon capture and storage), we find that a national transition to a green hydrogen economy can support Greece in potentially cutting at least 16 MtCO2 while stimulating investments of EUR 10–13 bn. over 2030–2050.