Overcoming profitability asymmetries in Power-to-X: Path2X method as a techno-economic solution
Power-to-X (PtX) pathways are complex systems of multiple stakeholders with different business interests. PtX investments’ economic feasibility depends on stakeholders being profitable. Such stakeholder dynamics are ignored in current techno-economic analyses, although profitability asymmetries are...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2025-12-01
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| Series: | International Journal of Sustainable Energy |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/14786451.2025.2520813 |
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| author | Antti Ylä-Kujala Maija Luukka Timo Kärri Antero Tervonen |
| author_facet | Antti Ylä-Kujala Maija Luukka Timo Kärri Antero Tervonen |
| author_sort | Antti Ylä-Kujala |
| collection | DOAJ |
| description | Power-to-X (PtX) pathways are complex systems of multiple stakeholders with different business interests. PtX investments’ economic feasibility depends on stakeholders being profitable. Such stakeholder dynamics are ignored in current techno-economic analyses, although profitability asymmetries are a major obstacle for PtX investment approval. The aim of this study is to develop a generic analysis method – Path2X – to address asymmetric profitability within PtX pathways. Methodologically, the study adheres to design science research and uses case study for illustration. The Path2X method consists of a systematic lifecycle cost modelling and measurement approach. This comprises three cashflow components and a production flow to calculate a variety of techno-economic performance measures. Additionally, to evaluate stakeholder profitability, a multi-role approach combining role-level and pathway-level measures is suggested. The case study illustrates how a hydrogen provider faces a negative net cashflow, which ideally leads to profit sharing arrangements and a fairer distribution of profits among stakeholders. |
| format | Article |
| id | doaj-art-43f622e2b2284b2994e6eb233beaaf9a |
| institution | Matheson Library |
| issn | 1478-6451 1478-646X |
| language | English |
| publishDate | 2025-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | International Journal of Sustainable Energy |
| spelling | doaj-art-43f622e2b2284b2994e6eb233beaaf9a2025-07-04T04:48:57ZengTaylor & Francis GroupInternational Journal of Sustainable Energy1478-64511478-646X2025-12-0144110.1080/14786451.2025.2520813Overcoming profitability asymmetries in Power-to-X: Path2X method as a techno-economic solutionAntti Ylä-Kujala0Maija Luukka1Timo Kärri2Antero Tervonen3Industrial Engineering and Management, LUT University, Lappeenranta, FinlandIndustrial Engineering and Management, LUT University, Lappeenranta, FinlandIndustrial Engineering and Management, LUT University, Lappeenranta, FinlandLUT Business School, LUT University, Lappeenranta, FinlandPower-to-X (PtX) pathways are complex systems of multiple stakeholders with different business interests. PtX investments’ economic feasibility depends on stakeholders being profitable. Such stakeholder dynamics are ignored in current techno-economic analyses, although profitability asymmetries are a major obstacle for PtX investment approval. The aim of this study is to develop a generic analysis method – Path2X – to address asymmetric profitability within PtX pathways. Methodologically, the study adheres to design science research and uses case study for illustration. The Path2X method consists of a systematic lifecycle cost modelling and measurement approach. This comprises three cashflow components and a production flow to calculate a variety of techno-economic performance measures. Additionally, to evaluate stakeholder profitability, a multi-role approach combining role-level and pathway-level measures is suggested. The case study illustrates how a hydrogen provider faces a negative net cashflow, which ideally leads to profit sharing arrangements and a fairer distribution of profits among stakeholders.https://www.tandfonline.com/doi/10.1080/14786451.2025.2520813Power-to-Xtechno-economic analysisstakeholder perspectivelifecycle costsprofitability |
| spellingShingle | Antti Ylä-Kujala Maija Luukka Timo Kärri Antero Tervonen Overcoming profitability asymmetries in Power-to-X: Path2X method as a techno-economic solution International Journal of Sustainable Energy Power-to-X techno-economic analysis stakeholder perspective lifecycle costs profitability |
| title | Overcoming profitability asymmetries in Power-to-X: Path2X method as a techno-economic solution |
| title_full | Overcoming profitability asymmetries in Power-to-X: Path2X method as a techno-economic solution |
| title_fullStr | Overcoming profitability asymmetries in Power-to-X: Path2X method as a techno-economic solution |
| title_full_unstemmed | Overcoming profitability asymmetries in Power-to-X: Path2X method as a techno-economic solution |
| title_short | Overcoming profitability asymmetries in Power-to-X: Path2X method as a techno-economic solution |
| title_sort | overcoming profitability asymmetries in power to x path2x method as a techno economic solution |
| topic | Power-to-X techno-economic analysis stakeholder perspective lifecycle costs profitability |
| url | https://www.tandfonline.com/doi/10.1080/14786451.2025.2520813 |
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