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Energies 2017, 10(6), 763; doi:10.3390/en10060763

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

1
Icelandic New Energy, Reykjavik 108, Iceland
2
Faculty of Civil and Environmental Engineering, University of Iceland, Reykjavik 107, Iceland
3
Faculty of Industrial Engineering, Mechanical Engineering and Computer Science, University of Iceland, Reykjavik 107, Iceland
*
Author to whom correspondence should be addressed.
Academic Editor: Adolf Acquaye
Received: 8 April 2017 / Revised: 25 May 2017 / Accepted: 26 May 2017 / Published: 31 May 2017
(This article belongs to the Special Issue Sustainable and Renewable Energy Systems)
View Full-Text   |   Download PDF [2601 KB, uploaded 23 June 2017]   |  

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. View Full-Text
Keywords: hydrogen; hydrogen refueling station; levelized cost of hydrogen; renewable energy hydrogen; hydrogen refueling station; levelized cost of hydrogen; renewable energy
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Viktorsson, L.; Heinonen, J.T.; Skulason, J.B.; Unnthorsson, R. A Step towards the Hydrogen Economy—A Life Cycle Cost Analysis of A Hydrogen Refueling Station. Energies 2017, 10, 763.

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