Hydrogen production and energy storage price

How much does hydrogen production cost?

Through a linear regression, a main trajectory for the development of hydrogen production costs can be derived. The costs of hydrogen from electrolysis are reduced on the basis of this trajectory, starting from the reference 5.3 € per kg, in 2020, to 4.4 € per kg, in 2030, and to 2.7 € per kg in 2050.

How much does hydrogen storage cost?

Breakdown of levelized cost of storage in a case where the storage facility is serving a 200 tonnes per day end user. Hydrogen storage size is 3156 tonnes. At this location about one quarter of H 2 production required storage, and the resulting ACEU would be $0.54/kg-H 2.

Why is hydrogen so expensive?

Producing hydrogen from low-carbon energy is costly at the moment. IEA analysis finds that the cost of producing hydrogen from renewable electricity could fall 30% by 2030 as a result of declining costs of renewables and the scaling up of hydrogen production.

How can hydrogen cost forecasts be useful?

Thereby contributing to hydrogen cost forecasts by aggregating them and thus providing new high-level insights, and to the sustainable transformation of energy systems on a global scale, as academics can use this review as a basis for further analysis and benchmarking.

Will hydrogen production costs halve by 2050?

Moreover, it is important to note that hydrogen production costs are predicted to almost halve by 2050 and will fall by a third by 2030, if 2020 costs are used as a reference. Actual hydrogen production costs reported in a recent study are given in Table 4. Fig. 1 suggests high cost reductions in the near future and slower cost reductions by 2050.

What is on-site hydrogen supply cost (ohsc)?

1. The on-site hydrogen supply cost (OHSC) is used to measure the hydrogen production cost in each scenario. It quantifies the ratio between the minimized total cost for system design and operation (equation (1)) and the annually covered hydrogen demand.