Levelized cost analysis of onshore wind-powered hydrogen production system in China considering landform heterogeneity

Xinying Li, Xu Tang, Meiyan Ma, Min Wang and Chuanbo Xu

Energy, 2024, vol. 313, issue C

Abstract: Harnessing wind power for hydrogen production is a promising solution to tackle the challenges of climate change. However, the high cost associated with wind-powered hydrogen production systems emerges as a significant barrier. Hence, this study aims to present an economic analysis of wind-powered hydrogen production systems, taking into account the heterogeneity of landforms. The analysis utilizes hourly wind speed data from 290 anemometer towers throughout China, providing a comprehensive and accurate assessment of wind power generation. The findings reveal that landform heterogeneity has a significant impact on the levelized cost of hydrogen (LCOH), but such impact is expected to diminish over time. Moreover, the LCOE in various provinces ranges from ¥0.31–0.52/kWh, and the LCOH ranges from ¥25.75–36.31/kg, with an average of ¥30/kg. Electricity costs and CAPEX account for over 75 % of the total hydrogen production costs. Inner Mongolia, Xinjiang, and Jiangsu exhibit the lowest LCOH due to their lower wind power costs. Furthermore, the predicted results indicate a swift descent in the LCOH from 2020 to 2030. By the years 2030 and 2060, the nationwide average LCOH is projected to reach ¥25/kg and ¥22/kg, respectively, signifying an 18 % and 28 % reduction compared to the year 2020.

Keywords: Economic analysis; Onshore wind power; Hydrogen production; Landform heterogeneity; LCOH; Anemometer towers (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:313:y:2024:i:c:s0360544224037204

DOI: 10.1016/j.energy.2024.133942

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