An Empirical Study of the Economic Net-Zero Energy Mix in Industrial Complexes

This study examines the optimal energy mix for industrial complexes by incorporating renewable energy systems, decarbonization strategies, and sector coupling technologies. Using data from the Balan Industrial Complex in Korea, five energy scenarios were evaluated, ranging from conventional systems (Scenario 1) to advanced renewable configurations (Scenario 5). The results show that Scenario 5, which integrates sector coupling systems and decarbonization technologies, is the most cost-effective and environmentally sustainable. Scenario 5 achieves the lowest Net Present Cost (NPC), and significantly reduces CO2 emissions. Furthermore, an analysis of electricity prices and CO2 costs from Korea, the United States, and Germany highlights the critical role of regional electricity tariffs and carbon pricing in determining the economic feasibility of energy systems. While renewable setups require higher initial investments, Scenario 5 proves to be the most economically viable over time, offering both cost savings and environmental benefits. These findings provide valuable insights for policymakers and industry leaders, emphasizing the importance of customized strategies to optimize energy systems in industrial applications.