Life Cycle Costing Analysis: Tools and Applications for Determining Hydrogen Production Cost for Fuel Cell Vehicle Technology

Martin Khzouz, Evangelos I. Gkanas, Jia Shao, Farooq Sher, Dmytro Beherskyi, Ahmad El-Kharouf and Mansour Al Qubeissi
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Martin Khzouz: Department of Systems Engineering, Military Technological College, Al Matar Street, Muscat 111, Oman
Evangelos I. Gkanas: Institute for Future Transport and Cities, Coventry University, Priory Street, Coventry CV1 5FB, UK
Jia Shao: Faculty Research Centre for Financial and Corporate Integrity, Coventry University, Priory Street, Coventry CV1 5FB, UK
Farooq Sher: Faculty of Engineering, Environment and Computing, Coventry University, Coventry CV1 2JH, UK
Dmytro Beherskyi: Faculty of Engineering, Environment and Computing, Coventry University, Coventry CV1 2JH, UK
Ahmad El-Kharouf: Centre for Hydrogen and Fuel Cell Research, School of Chemical Engineering, University of Birmingham, Birmingham B15 2TT, UK
Mansour Al Qubeissi: Institute for Future Transport and Cities, Coventry University, Priory Street, Coventry CV1 5FB, UK

Energies, 2020, vol. 13, issue 15, 1-19

Abstract: This work investigates life cycle costing analysis as a tool to estimate the cost of hydrogen to be used as fuel for Hydrogen Fuel Cell vehicles (HFCVs). The method of life cycle costing and economic data are considered to estimate the cost of hydrogen for centralised and decentralised production processes. In the current study, two major hydrogen production methods are considered, methane reforming and water electrolysis. The costing frameworks are defined for hydrogen production, transportation and final application. The results show that hydrogen production via centralised methane reforming is financially viable for future transport applications. The ownership cost of HFCVs shows the highest cost among other costs of life cycle analysis.

Keywords: hydrogen economy; cost analysis; life cycle costing; methane reforming; water electrolysis; centralised hydrogen production (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: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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