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Off-grid Hydrogen Production: Analysing Hydrogen Producton and Supply Costs Considering Country-specifics and Transport to Europe

Abstract

Hydrogen plays a pivotal role in transitioning to CO2-free energy systems, yet challenges regarding costs and sourcing persist in supplying Europe with renewable hydrogen. Our paper proposes a simulation-based approach to determine cost-optimal combinations of electrolyser power and renewable peak power for off-grid hydrogen production, considering location and energy source dependencies. Key findings include easy estimation of Levelized Costs of Hydrogen (LCOH) and optimal plant sizing based on the regional energy yield and source. Regional investment risks influence the LCOH by 7.9 % per 1 % change of the Weighted Average Cost of Capital. In Central Europe (Austria), hydrogen production costs range from 7.4 €/kg to 8.6 €/kg, whereas regions like Chile exhibit cheaper costs at 5.1 €/kg to 6.8 €/kg. Despite the favourable energy yields in regions like Chile or the UAE, domestically produced hydrogen can be cost-competitive when location-specific risks and transport costs are taken into account. This underlines the critical role of domestic hydrogen production and cost-effective hydrogen transport for Europe’s future hydrogen supply.

Funding source: The research was carried out within the COMET project HyTechonomy (grant ID 882510) and the HyCentA COMET Centre (grant ID 892427). The COMET Project is funded by Federal Ministry of Labour and Economy, Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology as well as the co-financing federal provinces Styria and Upper Austria. The COMET Centre HyCentA is funded within COMET – Competence Centers for Excellent Technologies – by BMK, BMAW as well as the cofinancing federal provinces Styria, Upper Austria, Tyrol and Vienna. The COMET programme is managed by FFG.
Related subjects: Production & Supply Chain
Countries: Austria
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/content/journal6066
2024-07-20
2024-12-12
/content/journal6066
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