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In a solar photoelectrochemical process, hydrogen can be produced by electrolysis. To use sunlight in this process, a photoelectrochemical cell can be used, where one photosensitized electrode converts light into an electric current that is then used for water splitting. One such type of cell is the dye-sensitized solar cell. [10]
Electrolysis is possible with both traditional fossil fuel energy sources, as well as low-carbon electricity sources such as wind, solar and nuclear power. [ 2 ] : 7 [ 3 ] The process uses carbon dioxide in manufacturing and releases around the same amount of carbon dioxide into the air when the fuel is burned, for an overall low carbon footprint.
The cost of energy production depends on costs during the expected lifetime of the plant and the amount of energy it is expected to generate over its lifetime. The levelized cost of electricity (LCOE) is the average cost in currency per energy unit, for example, EUR per kilowatt-hour or AUD per megawatt-hour. [5]
Photovoltaics are best known as a method for generating electric power by using solar cells to convert energy from the sun into a flow of electrons by the photovoltaic effect. [15] [16] Solar cells produce direct current electricity from sunlight which can be used to power equipment or to recharge batteries.
Solar energy is the radiant energy from the Sun's light and heat, which can be harnessed using a range of technologies such as solar electricity, solar thermal energy (including solar water heating) and solar architecture.
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
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