Production Cost of Hydrogen from Electrolysis Driven by Renewable Energy Sources

Abstract

The aim of this work is to estimate the real cost of hydrogen produced by electrolysis using renewable sources of energy. The calculated price of hydrogen depends mainly on the investment costs, energy prices, service life and utilization rate of the equipment, the latter being predetermined by natural conditions for renewable energy sources, for example, by the intensity and time distribution of sunlight. Furthermore, different ways to utilise the hydrogen are assessed in view of economic viability and compared.