Armenia
Hydrogen in Energy Transition: The Problem of Economic Efficiency, Environmental Safety, and Technological Readiness of Transportation and Storage
Jul 2024
Publication
The circular economy and the clean-energy transition are inextricably linked and interdependent. One of the most important areas of the energy transition is the development of hydrogen energy. This study aims to review and systematize the data available in the literature on the environmental and economic parameters of hydrogen storage and transportation technologies (both mature and at high technological readiness levels). The study concluded that salt caverns and pipeline transportation are the most promising methods of hydrogen storage and transportation today in terms of a combination of all parameters. These methods are the most competitive in terms of price especially when transporting hydrogen over short distances. Thus the average price of storage will be 0.35 USD/kg and transportation at a distance of up to 100 km is 0.3 USD/kg. Hydrogen storage underground in a gaseous state and its transportation by pipelines have the least consequences for the environment: emissions and leaks are insignificant and there is no environmental pollution. The study identifies these methods as particularly viable given their lower environmental impact and potential for seamless integration into existing energy systems therefore supporting the transition to a more sustainable and circular economy.
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