A Step towards the Hydrogen Economy—A Life Cycle Cost Analysis of A Hydrogen Refueling Station

Ludvik Viktorsson, Jukka Taneli Heinonen, Jon Bjorn Skulason and Runar Unnthorsson
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Ludvik Viktorsson: Icelandic New Energy, Reykjavik 108, Iceland
Jukka Taneli Heinonen: Faculty of Civil and Environmental Engineering, University of Iceland, Reykjavik 107, Iceland
Jon Bjorn Skulason: Icelandic New Energy, Reykjavik 108, Iceland
Runar Unnthorsson: Faculty of Industrial Engineering, Mechanical Engineering and Computer Science, University of Iceland, Reykjavik 107, Iceland

Energies, 2017, vol. 10, issue 6, 1-15

Abstract: This study was aimed to define a methodology based on existing literature and evaluate the levelized cost of hydrogen (LCOH) for a decentralized hydrogen refueling station (HRS) in Halle, Belgium. The results are based on a comprehensive data collection, along with real cost information. The main results indicated that a LCOH of 10.3 €/kg at the HRS can be reached over a lifetime of 20 years, if an average electricity cost of 0.04 €/kWh could be achieved and if the operating hours are maximized. Furthermore, if the initial capital costs can be reduced by 80%, in the case of direct subsidy, the LCOH could even fall to 6.7 €/kg.

Keywords: hydrogen; hydrogen refueling station; levelized cost of hydrogen; renewable energy (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32)

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