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Open AccessArticle

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