Systems and methods for co-optimization of hydrogen production and electricity market participation for renewable energy generators

A method comprising:

• at one or more electronic devices each having one or more processors and computer-readable memory:
• receiving renewable energy generator (REG) output power information associated with an REG, the REG output power information including predicted REG output power information comprising predicted REG output power over a predefined time horizon, wherein the REG is associated with a hydrogen production plant (HPP) for producing hydrogen, and wherein the HPP is powered at least by the REG;
• receiving market price information, the market price information including predicted electricity market price information and predicted hydrogen market price information;
• executing an optimizer using the REG output power information and the market price information to determine values for decision variables in an optimization horizon, wherein the decision variables comprise an electricity market offer variable, hydrogen market offer variable, and a HPP operation schedule variable relating to when the HPP is operating to produce hydrogen;
• and
• executing an energy management system, the energy management system managing the utilization of power generated by the REG including selectively dispatching REG power to the HPP based on the values, and the energy management system generating, based on the values:
• an electricity market offer to an electrical grid;
• and
• a hydrogen market offer to an hydrogen distribution system,
• and the energy management system, based on the generated electricity market offer and hydrogen market offer, dispatching REG power to the electrical grid and dispatching produced hydrogen to the hydrogen distribution system.

A non-transitory computer-readable medium having computer-readable instructions stored thereon, the computer-readable instructions executable by at least one processor to cause the performance of operations comprising:

• receiving renewable energy generator (REG) output power information associated with an REG, the REG output power information including predicted REG output power information comprising predicted REG output power over a predefined time horizon, wherein the REG is associated with a hydrogen production plant (HPP) for producing hydrogen, and wherein the HPP is powered at least by the REG;
• receiving market price information, the market price information including predicted electricity market price information and predicted hydrogen market price information;
• executing an optimizer using the REG output power information and the market price information to determine values for decision variables in an optimization horizon, wherein the decision variables comprise an electricity market offer variable, hydrogen market offer variable, and a HPP operation schedule variable relating to when the HPP is operating to produce hydrogen;
• and
• executing an energy management system, the energy management system managing the utilization of power generated by the REG including selectively dispatching REG power to the HPP based on the values, and the energy management system generating, based on the values:
• an electricity market offer to an electrical grid;
• and
• a hydrogen market offer to an hydrogen distribution system,
• and the energy management system, based on the generated electricity market offer and hydrogen market offer, dispatching REG power to the electrical grid and dispatching produced hydrogen to the hydrogen distribution system.