New model to assess levelized cost of hydrogen in PV-powered electrolysis
- Admin
- Apr 26, 2024
- 1 min read
The researchers at the National University of Singapore have developed an optimization model for PV-powered green hydrogen facilities that can evaluate different options for each technology. The model incorporates solar irradiance, physical hydrogen storage, land footprint, power grid carbon intensity, and various factors including project type, size, capital and operating costs, efficiencies, and lifespans. They found that in the current technology landscape, an LCOH of less than $10/kg will be needed to make green hydrogen compete with other types of hydrogen.
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