The HyOpt model Input data and mathematical formulation
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This report gives a description of the mathematical model underlying the HyOpt model and the associated input data. HyOpt is an optimization model for the design and evaluation of energy systems with a focus on hydrogen-based technology. Given a structure of the energy system plus expected energy demands and costs, the model decides which elements should be included and with what capacity, in order to optimize a given objective—typically maximizing the net present value of the whole modelled system. This problem is formulated as a mixed integer linear optimization problem and solved used using a commercial solver.