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Green Hydrogen Cooperation between Egypt and Europe: The Perspective of Locals in Suez and Port Said
Jun 2024
Publication
Hydrogen produced by renewable energy sources (green hydrogen) is at the centrepiece of European decarbonization strategies necessitating large imports from third countries. Egypt potentially stands out as major production hub. While technical and economic viability are broadly discussed in literature analyses of local acceptance are absent. This study closes this gap by surveying 505 locals in the Suez Canal Economic Zone (Port Said and Suez) regarding their attitudes towards renewable energy development and green hydrogen production. We find overall support for both national deployment and export to Europe. Respondents see a key benefit in rising income thereby strongly underlying the economic argument. Improved trade relationships or improved political relationships are seen as potential benefits of export but as less relevant for engaging in cooperation putting a spotlight on local benefits. Our study suggests that the local population is more positive than negative towards the development and scaling up of green hydrogen projects in Egypt.
A Perspective on Broad Deployment of Hydrogen-fueled Vehicles for Ground Freight Transportation with a Comparison to Electric Vehicles
Oct 2024
Publication
The pressing global challenge of climate change necessitates a concerted effort to limit greenhouse gas emissions particularly carbon dioxide. A critical pathway is to replace fossil fuel sources by electrification including transportation. While electrification of light-duty vehicles is rapidly expanding the heavy-duty vehicle sector is subject to challenges notably the logistical drawbacks of the size and weight of high-capacity batteries required for range as well as the time for battery charging. This Perspective highlights the potential of hydrogen fuel-cell vehicles as a viable alternative for heavy-duty road transportation. We evaluate the implications of hydrogen integration into the freight economy energy dynamics and CO2 mitigation and envision a roadmap for a holistic energy transition. Our critical opinion presented in this Perspective is that federal incentives to produce hydrogen could foster growth in the nascent hydrogen economy. The pathway that we propose is that initial focus on operators of large fleets that could control their own fueling infrastructure. This opinion was formed from private discussions with numerous stakeholders during the formation of one of the awarded hydrogen hubs if they focus on early adopters that could leverage the hydrogen supply chain.
Optimization of the Joint Operation of an Electricity–Heat– Hydrogen–Gas Multi-Energy System Containing Hybrid Energy Storage and Power-to-Gas–Combined Heat and Power
Jun 2024
Publication
With the continuous development of hydrogen storage systems power-to-gas (P2G) and combined heat and power (CHP) the coupling between electricity–heat–hydrogen–gas has been promoted and energy conversion equipment has been transformed from an independent operation with low energy utilization efficiency to a joint operation with high efficiency. This study proposes a low-carbon optimization strategy for a multi-energy coupled IES containing hydrogen energy storage operating jointly with a two-stage P2G adjustable thermoelectric ratio CHP. Firstly the hydrogen energy storage system is analyzed to enhance the wind power consumption ability of the system by dynamically absorbing and releasing energy at the right time through electricity–hydrogen coupling. Then the two-stage P2G operation process is refined and combined with the CHP operation with an adjustable thermoelectric ratio to further improve the low-carbon and economic performance of the system. Finally multiple scenarios are set up and the comparative analysis shows that the addition of a hydrogen storage system can increase the wind power consumption capacity of the system by 4.6%; considering the adjustable thermoelectric ratio CHP and the twostage P2G the system emissions reduction can be 5.97% and 23.07% respectively and the total cost of operation can be reduced by 7.5% and 14.5% respectively.
Electrochemical Devices to Power a Sustainable Energy Transition—An Overview of Green Hydrogen Contribution
Mar 2024
Publication
This work discusses the current scenario and future growth of electrochemical energy devices such as water electrolyzers and fuel cells. It is based on the pivotal role that hydrogen can play as an energy carrier to replace fossil fuels. Moreover it is envisaged that the scaled-up and broader deployment of the technologies can hold the potential to address the challenges associated with intermittent renewable energy generation. From a sustainability perspective this synergy between hydrogen and electricity from renewable sources is particularly attractive: electrolyzers convert the excess energy from renewables into green hydrogen and fuel cells use this hydrogen to convert it back into electricity when it is needed. Although this transition endorses the ambitious goal to supply greener energy for all it also entails increased demand for the materials that are essential for developing such cleaner energy technologies. Herein several economic and environmental issues are highlighted besides a critical overview regarding each technology. The aim is to raise awareness and provide the reader (a non-specialist in the field) with useful resources regarding the challenges that need to be overcome so that a green hydrogen energy transition and a better life can be fully achieved.
The Cost of Clean Hydrogen from Offshore Wind and Electrolysis
Feb 2024
Publication
The decarbonization of industry heating and transportation is a major challenge for many countries’ energy transition. Hydrogen is a direct low-carbon fuel alternative to natural gas offering a higher flexibility in the range of possible applications yet currently most hydrogen is produced using carbonintensive steam methane reforming due to cost considerations. Therefore this study explores the economics of a prominent low-carbon method of hydrogen production comparing the cost of hydrogen generation from offshore wind farms with and without grid electricity imports to conventional hydrogen production methods. A novel techno-economic model for offshore electrolysis production costs is presented which makes hydrogen production fully dispatchable leveraging geological salt-cavern storage. This model determines the lifetime costs aportioned across the system components as well as the Levelized Cost of Hydrogen (LCOH). Using the United Kingdom as a case study LCOH from offshore wind power is calculated to be €8.68 /kgH2 using alkaline electrolysis (AEL) €10.49 /kgH2 using proton exchange membrane electrolysis (PEMEL) and €10.88 /kgH2 with grid electricity to backup the offshore wind power. A stochastic Monte-Carlo model is used to asses the uncertainty on costs and identify the cost of capital electrolyser and wind farm capital costs and cost of electricity as the most important drivers of LCOH across the different scenarios. Reducing the capital cost to comparative levels observed on today’s wind farms alone could see AEL LCOH fall to €5.32 /kgH2 near competitive with conventional generation methods.
Optimal Design of Hydrogen Delivery Infrastructure for Multi-sector End Uses at Regional Scale
Jul 2024
Publication
Hydrogen is a promising solution for the decarbonisation of several hard-to-abate end uses which are mainly in the industrial and transport sectors. The development of an extensive hydrogen delivery infrastructure is essential to effectively activate and deploy a hydrogen economy connecting production storage and demand. This work adopts a mixed-integer linear programming model to study the cost-optimal design of a future hydrogen infrastructure in presence of cross-sectoral hydrogen uses taking into account spatial and temporal variations multiple production technologies and optimised multi-mode transport and storage. The model is applied to a case study in the region of Sicily in Italy aiming to assess the infrastructural needs to supply the regional demand from transport and industrial sectors and to transfer hydrogen imported from North Africa towards Europe thus accounting for the region’s role as transit point. The analysis integrates multiple production technologies (electrolysis supplied by wind and solar energy steam reforming with carbon capture) and transport options (compressed hydrogen trucks liquid hydrogen trucks pipelines). Results show that the average cost of hydrogen delivered to demand points decreases from 3.75 €/kgH2 to 3.49 €/kgH2 when shifting from mobilityonly to cross-sectoral end uses indicating that the integrated supply chain exploits more efficiently the infrastructural investments. Although pipeline transport emerges as the dominant modality delivery via compressed hydrogen trucks and liquid hydrogen trucks remains relevant even in scenarios characterised by large hydrogen flows as resulting from cross-sectoral demand demonstrating that the system competitiveness is maximised through multi-mode integration.
Large Eddy Simulations of a Hydrogen-Air Explosion in an Obstructed Chamber Using Adaptive Mesh Refinement
Sep 2023
Publication
Following the growing use of hydrogen in the industry gas explosions have become a critical safety issue. Computational Fluid Dynamic (CFD) and in particular the Large Eddy Simulation (LES) approach have already shown their great potential to reproduce such scenarios with high fidelity. However the computational cost of this approach is an obvious limiting factor since fine grid resolutions are often required in the whole computational domain to ensure a correct numerical resolution of the deflagration front all along its propagation. In this context Adaptive Mesh Refinement (AMR) is of great interest to reduce the computational cost as it allows to dynamically refine the mesh throughout the explosion scenario only in regions where Quantities of Interest (QoI) are detected. This study aims to demonstrate the strong potential of AMR for the LES of explosions. The target scenario is a hydrogen-air explosion in the GraVent explosion channel [1]. Using the massively parallel Navier- Stokes compressible solver AVBP a reference simulation is first obtained on a uniform and static unstructured mesh. The comparison with the experiments shows a good agreement in terms of absolute flame front speed overpressure and flow visualisation. Then an AMR simulation is performed targeting the same resolution as the reference simulation only in regions where QoI are detected i.e. inside the reaction zones and vortical structures. Results show that the accuracy of the reference simulation is recovered with AMR for only 12% of its computational cost.
Flame Acceleration in Stoichiometric Methane/Hydrogen/Air Mixtures in an Obstructed Channel: Effect of Hydrogen Blend Ratio
Sep 2023
Publication
Experiments and numerical simulations were conducted to study the flame acceleration (FA) in stoichiometric CH4/H2/air mixtures with various hydrogen blend ratios (i.e. Hbr = 0% 20% 50% 80% and 100%). In the experiments high-speed photography was used to record the FA process. In the calculations the two-dimensional fully-compressible reactive Navier-Stokes equations were solved using a high-order algorithm on a dynamically adapting mesh. The chemical reaction and diffusive transport of the mixtures were described by a calibrated chemical-diffusive model. The numerical predictions are in good agreement with the experimental measurements. The results show that the mechanism of FA is similar in all cases that is the flame is accelerated by the thermal expansion effects various fluid-dynamic instabilities flame-vortex interactions and the interactions of flame with pressure waves. The hydrogen blend ratio has a significant impact on the propagation speed and the morphological evolution of the flame during FA. A larger hydrogen blend ratio leads to a faster FA and the difference in FA mainly depends on the increase of flame surface area and the interactions between flame and pressure waves. In addition as the hydrogen blend ratio increases there are fewer pockets of the unburned funnels in the combustion products when the flame propagates to the end of the channel.
CFD Modelling of Large Scale Liquid Hydrogen Experiments Indoors and Outdoors
Sep 2023
Publication
The use of liquid hydrogen in maritime applications is expected to grow in the coming years in order to meet the decarbonisation goals that EU countries and countries worldwide have set for 2050. In this context The Norwegian Public Roads Administration commissioned large-scale LH2 dispersion and explosion experiments both indoors and outdoors which were conducted by DNG GL in 2019 to better understand safety aspects of LH2 in the maritime sector. In this work the DNV unignited outdoor and indoor tests have been simulated and compared with the experiments with the aim to validate the ADREA-HF Computational Fluid Dynamics (CFD) code in maritime applications. Three tests two outdoors and one indoors were chosen for the validation. The outdoor tests (test 5 and 6) involved liquid hydrogen release vertically downwards and horizontal to simulate an accidental leakage during bunkering. The indoor test (test 9) involved liquid hydrogen release inside a closed room to simulate an accident inside a tank connection space (TCS) connected to a ventilation mast.
The Hydrogen Economy can Reduce Costs of Climate Change Mitigation by up to 22%
May 2024
Publication
In response to the urgent need to mitigate climate change via net-zero targets many nations are renewing their interest in clean hydrogen as a net-zero energy carrier. Although clean hydrogen can be directly used in various sectors for deep decarbonization the relatively low energy density and high production costs have raised doubts as to whether clean hydrogen development is worthwhile. Here we improve on the GCAM model by including a more comprehensive and detailed representation of clean hydrogen production distribution and demand in all sectors of the global economy and simulate 25 scenarios to explore the costeffectiveness of integrating clean hydrogen into the global energy system. We show that due to costly technical obstacles clean hydrogen can only provide 3%–9% of the 2050 global final energy use. Nevertheless clean hydrogen deployment can reduce overall energy decarbonization costs by 15%–22% mainly via powering ‘‘hard-to-electrify’’ sectors that would otherwise face high decarbonization expenditures. Our work provides practical references for cost-effective clean hydrogen planning.
Hydrogen Energy and Fuel Cells: A Vision of our Future
Jan 2003
Publication
This report of the High Level Group for Hydrogen and Fuel Cell Technologies sets out a vision for these technologies in future sustainable energy systems - improving energy security of supply and air quality whilst mitigating climate change. The report recommends actions for developing world-class European hydrogen technologies and fostering their commercial exploitation.
Role of a Unitized Regenerative Fuel Cell in Remote Area Power Supply: A Review
Aug 2023
Publication
This manuscript presents a thorough review of unitized regenerative fuel cells (URFCs) and their importance in Remote Area Power Supply (RAPS). In RAPS systems that utilize solar and hydrogen power which typically include photovoltaic modules a proton exchange membrane (PEM) electrolyzer hydrogen gas storage and PEM fuel cells the cost of these systems is currently higher compared to conventional RAPS systems that employ diesel generators or batteries. URFCs offer a potential solution to reduce the expenses of solar hydrogen renewable energy systems in RAPS by combining the functionalities of the electrolyzer and fuel cell into a single unit thereby eliminating the need to purchase separate and costly electrolyzer and fuel cell units. URFCs are particularly well-suited for RAPS applications because the electrolyzer and fuel cell do not need to operate simultaneously. In electrolyzer mode URFCs function similarly to stand-alone electrolyzers. However in fuel cell mode the performance of URFCs is inferior to that of stand-alone fuel cells. The presented review summarizes the past present and future of URFCs with details on the operating modes of URFCs limitations and technical challenges and applications. Solar hydrogen renewable energy applications in RAPS and challenges facing solar hydrogen renewable energy in the RAPS is discussed in detail.
Merging the Green-H2 Production with Carbon Recycling for Stepping Towards the Carbon Cyclic Economy
Jan 2024
Publication
Hydrogen Economy and Cyclic Economy are advocated together with the use of perennial (solar wind hydro geo-power SWHG) and renewable (biomass) energy sources for defossilizing anthropic activities and mitigating climate change. Each option has intrinsic limits that prevent a stand-alone success in reaching the target. Humans have recycled goods (metals water paper and now plastics) to a different extent since very long time. Recycling carbon (which is already performed at the industrial level in the form of CO2 utilization and with recycling paper and plastics) is a key point for the future. The conversion of CO2 into chemicals and materials is carried out since the late 1800s (Solvay process) and is today performed at scale of 230 Mt/y. It is time to implement on a scale of several Gt/y the conversion of CO2 into energy products possibly mimicking Nature which does not use hydrogen. In the short term a few conditions must be met to make operative on a large scale the production of fuels from recycled-C namely the availability of low-cost: i. abundant pure concentrated streams of CO2 ii. non-fossil primary energy sources and iii. non-fossil-hydrogen. The large-scale production of hydrogen by Methane Steam Reforming with CO2 capture (Blue-H2) seems to be a realistic and sustainable solution. Green-H2 could in principle be produced on a large scale through the electrolysis of water powered by perennial primary sources but hurdles such as the availability of materials for the construction of long-living robust electrochemical cells (membranes electrodes) must be abated for a substantial scale-up with respect to existing capacity. The actual political situation makes difficult to rely on external supplies. Supposed that cheap hydrogen will be available its direct use in energy production can be confronted with the indirect use that implies the hydrogenation of CO2 into fuels (E-fuels) an almost ready technology. The two strategies have both pros and cons and can be integrated. E-Fuels can also represent an option for storing the energy of intermittent sources. In the medium-long term the direct co-processing of CO2 and water via co-electrolysis may avoid the production/transport/ use of hydrogen. In the long term coprocessing of CO2 and H2O to fuels via photochemical or photoelectrochemical processes can become a strategic technology.
Selecting Appropriate Energy Source Options for an Arctic Research Ship
Dec 2023
Publication
Interest in more sustainable energy sources has increased rapidly in the maritime industry and ambitious goals have been set for decreasing ship emissions. All industry stakeholders have reacted to this with different approaches including the optimisation of ship power plants the development of new energy-improving sub-systems for existing solutions or the design of entirely novel power plant concepts employing alternative fuels. This paper assesses the feasibility of different ship energy sources for an icebreaking Arctic research ship. To that end possible energy sources are assessed based on fuel infrastructure availability and operational endurance criteria in the operational area of interest. Promising alternatives are analysed further using the evidence-based Strengths Weaknesses Opportunities and Threats (SWOT) method. Then a more thorough investigation with respect to the required fuel tank space life cycle cost and CO2 emissions is implemented. The results demonstrate that marine diesel oil (MDO) is currently still the most convenient solution due to the space operational range and endurance limitations although it is possible to use liquefied natural gas (LNG) and methanol if the ship’s arrangement is radically redesigned which will also lead to reduced emissions and life cycle costs. The use of liquefied hydrogen as the only energy solution for the considered vessel was excluded from the potential options due to low volumetric energy density and high life cycle and capital costs. Even if it is used with MDO for the investigated ship the reduction in CO2 emissions will not be as significant as for LNG and methanol at a much higher capital and lifecycle cost. The advantage of the proposed approach is that unrealistic alternatives are eliminated in a systematic manner before proceeding to detailed techno-economic analysis facilitating the decision-making and investigation of various options in a more holistic manner.
Recent Progress and Techno-economic Analysis of Liquid Organic Hydrogen Carriers for Australian Renewable Energy Export - A Critical Review
Jan 2024
Publication
Hydrogen as a primary carbon-free energy carrier is confronted by challenges in storage and transportation. However liquid organic hydrogen carriers (LOHCs) present a promising solution for storing and transporting hydrogen at ambient temperature and atmospheric pressure. Unlike circular energy carriers such as methanol ammonia and synthetic natural gas LOHCs do not produce by-products during hydrogen recovery. LOHCs only act as hydrogen carriers and the carriers can also be recycled for reuse. Although there are considerable advantages to LOHCs there are also some drawbacks especially relative to the energy consumption during the dehydrogenation step of the LOHC recycling. This review summarizes the recent progresses in LOHC technologies focusing on catalyst developments process and reactor designs applications and techno-economic assessments (TEA). LOHC technologies can potentially offer significant benefits to Australia especially in terms of hydrogen as an export commodity. LOHCs can help avoid capital costs associated with infrastructure such as transportation vessels while reducing hydrogen loss during transportation such as in the case of liquid hydrogen (LH2). Additionally it minimises CO2 emissions as observed in methane and methanol reforming. Thus it is essential to dedicate more efforts to explore and develop LOHC technologies in the Australian context.
Developing a Generalized Framework for Assessing Safety of Hydrogen Vehicles in Tunnels
Sep 2023
Publication
For widespread adoption of hydrogen fuel cell powered vehicles such vehicles need to be able to provide similar transportation capabilities as their gasoline/diesel powered counterparts. Meeting this requirement in many regions will necessitate access to tunnels. Previous work completed at Sandia National Laboratories provided high-fidelity consequence modeling of hydrogen vehicle tunnel crashes for a specific fire scenario in selected Massachusetts tunnels. To consider additional tunnels a generalized tunnel safety analysis framework is being developed. This framework aims to be broader than specific fire scenarios in specific tunnels allowing it to be applied to a range of tunnel geometries vehicle types and crash scenarios. Initial steps in the development of the generalized framework are reported within this work. Representative tunnel characteristics are derived based on data for tunnels in the U.S. Tunnel dimensions shapes and traffic levels are among the many characteristics reported within the data that can be used to inform crash scenario specification. Various crash scenario parameters are varied using lower-fidelity consequence modeling to quantify the impact on resulting safety hazards for time-dependent releases. These lower-fidelity models consider the unignited dispersion of hydrogen gas the thermal effects of jet fires and potential impacts of overpressures. Different sizes/classes of vehicles are considered as the total amount of hydrogen onboard may greatly affect scenario-specific consequences. The generalized framework will allow safety assessments to be both more agile and consistent when applied to different types of tunnels.
Alternatives for Transport, Storage in Port and Bunkering Systems for Offshore Energy to Green Hydrogen
Nov 2023
Publication
Offshore electricity production mainly by wind turbines and eventually floating PV is expected to increase renewable energy generation and their dispatchability. In this sense a significant part of this offshore electricity would be directly used for hydrogen generation. The integration of offshore energy production into the hydrogen economy is of paramount importance for both the techno-economic viability of offshore energy generation and the hydrogen economy. An analysis of this integration is presented. The analysis includes a discussion about the current state of the art of hydrogen pipelines and subsea cables as well as the storage and bunkering system that is needed on shore to deliver hydrogen and derivatives. This analysis extends the scope of most of the previous works that consider port-to-port transport while we report offshore to port. Such storage and bunkering will allow access to local and continental energy networks as well as to integrate offshore facilities for the delivery of decarbonized fuel for the maritime sector. The results of such state of the art suggest that the main options for the transport of offshore energy for the production of hydrogen and hydrogenated vectors are through direct electricity transport by subsea cables to produce hydrogen onshore or hydrogen transport by subsea pipeline. A parametric analysis of both alternatives focused on cost estimates of each infrastructure (cable/pipeline) and shipping has been carried out versus the total amount of energy to transport and distance to shore. For low capacity (100 GWh/y) an electric subsea cable is the best option. For high-capacity renewable offshore plants (TWh/y) pipelines start to be competitive for distances above approx. 750 km. Cost is highly dependent on the distance to land ranging from 35 to 200 USD/MWh.
Investigation of Hybrid Power-to-hydrogen/Nautral Gas and Hydrogen-to-X System in Cameroon
May 2024
Publication
In Sub-Saharan Africa (SSA) the capacity to generate energy faces significant hurdles. Despite efforts to integrate renewable energy sources and natural gas power plants into the energy portfolio the desired reduction in environmental impact and alleviation of energy poverty remain elusive. Hence exploring a spectrum of hybrid technologies encompassing storage and hydrogen-based solutions is imperative to optimize energy production while mitigating harmful emissions. To exemplify this necessity the 216 MW Kribi gas power plant in Cameroon is the case study. The primary aim is to investigate cutting-edge emissions and energy schemes within the SSA. This paper assessed the minimum complaint load technique and four power-to-fuel options from technical financial and environmental perspectives to assess the viability of a natural gas fuel system powered with hydrogen in a hybrid mode. The system generates hydrogen by using water electrolysis with photovoltaic electricity and gas power plant. This research also assesses process efficiency storage capacity annual costs carbon avoided costs and production prices for various fuels. Results showed that the LCOE from a photovoltaic solar plant is 0.19$/kWh with the Power-to-Hydrogen process (76.2% efficiency) being the most efficient followed by the ammonia and urea processes. The study gives a detailed examination of the hybrid hydrogen natural gas fuel system. According to the annual cost breakdown the primary costs are associated with the acquisition of electrical energy and electrolyser CAPEX and OPEX which account for 95% of total costs. Urea is the cheapest mass fuel. However it costs more in terms of energy. Hydrogen is the most cost-effective source of energy. In terms of energy storage and energy density by volume the methane resulted as the most suitable solution while the ammonia resulted as the best H2 storage medium in terms of kg of H2 per m3 of storage (108 kgH2/m3 ). By substituting the fuel system with 15% H2 the environmental effects are reduced by 1622 tons per year while carbon capture technology gathered 16664 tons of CO2 for methanation and urea operations yielding a total carbon averted cost of 21 $/ton.
Optimal Multi-layer Economical Schedule for Coordinated Multiple Mode Operation of Wind-solar Microgrids with Hybrid Energy Storage Systems
Nov 2023
Publication
The aim of this paper is the design and implementation of an advanced model predictive control (MPC) strategy for the management of a wind–solar microgrid (MG) both in the islanded and grid-connected modes. The MG includes energy storage systems (ESSs) and interacts with external hydrogen and electricity consumers as an extra feature. The system participates in two different electricity markets i.e. the daily and real-time markets characterized by different time-scales. Thus a high-layer control (HLC) and a low-layer control (LLC) are developed for the daily market and the real-time market respectively. The sporadic characteristics of renewable energy sources and the variations in load demand are also briefly discussed by proposing a controller based on the stochastic MPC approach. Numerical simulations with real wind and solar generation profiles and spot prices show that the proposed controller optimally manages the ESSs even when there is a deviation between the predicted scenario determined at the HLC and the real-time one managed by the LLC. Finally the strategy is tested on a lab-scale MG set up at Khalifa University Abu Dhabi UAE.
Cost Projection of Global Green Hydrogen Production Scenarios
Nov 2023
Publication
A sustainable future hydrogen economy hinges on the development of green hydrogen and the shift away from grey hydrogen but this is highly reliant on reducing production costs which are currently too high for green hydrogen to be competitive. This study predicts the cost trajectory of alkaline and proton exchange membrane (PEM) electrolyzers based on ongoing research and development (R&D) scale effects and experiential learning consequently influencing the levelized cost of hydrogen (LCOH) projections. Electrolyzer capital costs are estimated to drop to 88 USD/kW for alkaline and 60 USD/kW for PEM under an optimistic scenario by 2050 or 388 USD/kW and 286 USD/kW respectively under a pessimistic scenario with PEM potentially dominating the market. Through a combination of declining electrolyzer costs and a levelized cost of electricity (LCOE) the global LCOH of green hydrogen is projected to fall below 5 USD/kgH2 for solar onshore and offshore wind energy sources under both scenarios by 2030. To facilitate a quicker transition the implementation of financial strategies such as additional revenue streams a hydrogen/carbon credit system and an oxygen one (a minimum retail price of 2 USD/kgO2 ) and regulations such as a carbon tax (minimum 100 USD/tonCO2 for 40 USD/MWh electricity) and a contract-for-difference scheme could be pivotal. These initiatives would act as financial catalysts accelerating the transition to a greener hydrogen economy.
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