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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Ludvik Viktorsson & Jukka Taneli Heinonen & Jon Bjorn Skulason & Runar Unnthorsson, 2017. "A Step towards the Hydrogen Economy—A Life Cycle Cost Analysis of A Hydrogen Refueling Station," Energies, MDPI, vol. 10(6), pages 1-15, May.
    • Handle: RePEc:gam:jeners:v:10:y:2017:i:6:p:763-:d:100169
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    References listed on IDEAS

    as
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