Techno-economic analysis and uncertainty assessment of green hydrogen production in future exporting countries

P. Benalcazar and A. Komorowska

Renewable and Sustainable Energy Reviews, 2024, vol. 199, issue C

Abstract: The uncoordinated development of a green hydrogen economy could potentially have far-reaching geopolitical implications. The differential access to resources and technologies will affect the import-export relations between countries. This study presents a techno-economic analysis of large-scale green hydrogen production systems in countries that may emerge as major clean hydrogen producers and exporters (Australia, Chile, Morocco, and Colombia). Additionally, it investigates the impact of different uncertainties on their levelized costs of hydrogen (LCOH) and provides a comparative analysis of local wind and solar resources. The uncertainties encompass factors influencing the LCOH, including electricity and water prices, capital, operational, and replacement costs, utilization rates, efficiency ratios, and system lifetime. A Monte Carlo simulation was developed and employed for the techno-economic assessment of large-scale hydrogen production systems in seventy-six spatially distributed sites. The results indicate that Chile has the potential to produce green hydrogen at the lowest cost ($2.8–4.5/kg in 2030). The LCOH in Morocco may range from $3.2 to $3.5/kg, Australia from $3.2 to $3.6/kg, and Colombia from $4.1 to $4.9/kg by 2030. The simulations indicate that the LCOH is most sensitive to changes in specific investment costs and the utilization rates of electrolyzers, regardless of the country and scenario examined.

Keywords: Green hydrogen; LCOH; Hydrogen production; Exporting countries; Monte Carlo (search for similar items in EconPapers)
Date: 2024
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1364032124002351
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:199:y:2024:i:c:s1364032124002351

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2024.114512

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Catherine Liu ().