Membrane reactors, combining production and separation of pure hydrogen in one vessel, outperform conventional fuel processors for small-scale hydrogen production. Among different membrane reactor concepts, the fluidized bed membrane reactor shows advantages in terms of optimal gas-catalyst contact, heat management and reduced bed-to-membrane mass transfer limitations; the drawbacks are the limits of the fluidization regimes which set minimum and maximum feed flowrates. In this work, a comprehensive model of a fluidized bed membrane reactor is developed. The reactor produces hydrogen (around 3 Nm3/h) for the 5 kWel-class PEMFC-based m-CHP systems using natural gas or bio-ethanol as feedstocks. Two different permeate options have been analyz...