Power to gas: an option for 2060 high penetration rate of renewable energy scenario of China.

Replacing conventional fossil fuel power plants with large-scale renewable energy sources (RES) is a crucial aspect of the decarbonization of the power sector and represents a key part of the carbon-neutral strategy of China. The high penetration rate of renewable energy in the electricity system, however, implies the challenges of dealing with the intermittency and fluctuation of RES. Power to gas (P2G), which can convert surplus renewable power into a chemical form of energy (i.e., synthetic gas), can help handle this challenge and supply new energy carriers for various energy sectors. By modeling three potential 2060 energy mix scenarios in China, this paper aims to describe the possible contribution of the high penetration rate of renewable energy combined with P2G in the future sustainable energy system. Different schemes are listed and compared, and the results are used in a basic economic evaluation of the synthetic gas production cost for the P2G plants. Ideally, nearly 18 million tons of carbon dioxide would be recycled and transformed into methane (around 9.37 km3) annually in China. Considering a zero price for the excess renewable power and future costs of the components, the levelized cost of energy (LCOE) of the final production of methane is estimated at 0.86 $/m3SNG.