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Energies 2019, 12, 3742 12 of 15 Nomenclature Abbreviations AE Alkaline electrolyzer AMPL A mathematical programming language AOH Annual operating hours CCS Carbon capture storage CCU Carbon capture and utilization CCUS Carbon capture, utilization and storage EES Electrical energy storage HEN Heat exchanger network HHV Higher heating value IEA International energy agency IRENA International renewable energy agency LCI Lifecycle indicator LHV Lower heating value MCP Minimum cost point MEP Maximum efficiency point MILP Mixed integer linear programming MSS Methanol synthesis system MOO Multi-objective optimizer PEC Purchased equipment cost PEME Polymer electrolyte membrane electrolyzer PtH Power-to-hydrogen SE Steam electrolysis SOE Solid-oxide electrolysis USD United states dollar Greek Symbols η Energy efficiency τ Payback time Mathematical Symbols CAPEX Capital expenditure Cdep Depreciation cost Cinv Investment cost Copt Operational cost CMeOH Methanol revenue rev Cbyp Byproduct revenue rev CMeOH Methanol production cost · Electric power input ∆H298K Standard enthalpy of formation ∆E i Annual interest rate M Syngas modular · Mass flow of obtained methanol n Number of electrons exchanged in the reaction OPEX Operational expenditure PMeOH Methanol production T Temperature Subscripts n Project lifetime References 1. Bukhtiyarova, M.; Lunkenbein, T.; Kähler, K.; Schlögl, R. Methanol Synthesis from Industrial CO2 Sources: A Contribution to Chemical Energy Conversion. Catal. Lett. 2017, 147, 416–427. [CrossRef] MMeOHPDF Image | Optimization of CO2-to-Methanol with Solid-Oxide Electrolyzer
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