Cost price of hydrogen energy photovoltaic site in Lesotho

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Cost price of hydrogen energy photovoltaic site in Lesotho

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FAQs 6

Do batteries affect the price of hydrogen production in a photovoltaic plant?

Hydrogen price depends on electricity and utilisation factor of the electrolyser. Batteries improve overall performance but penalize the system's economic balance. The aim of this work is to analyse the price of renewable hydrogen production in a stand-alone photovoltaic plant. The energy studied herein is generated in a photovoltaic plant.

What are the costs associated with hydrogen production?

Costs linked to hydrogen production, such as the amount of water required, the price of electricity, and the efficiency of the system, are also taken into account. Apart from these computations, the operational and maintenance expenses as well as the amortisation are estimated per year as a percentage of the investment in the electrolyser plant.

How much does green hydrogen cost?

The sensitivity analysis in the case of a 1 MW plant was carried out with a range of electricity cost starting from $0.0198 to $0.0292, and the utilisation factor ranging between 11.49% and 39.12%. The possible combinations between these values resulted in green hydrogen prices, whereby the cheapest stood at $2.66 and the most expensive at $6.83.

How much will hydrogen production cost in 2030?

With the growing scale of hydrogen processes and component manufacturing, cost is estimated to decrease by 50% by 2030. In particular, projections show that renewable hydrogen production costs could fall to between 1.4$/kg and 2.3$/kg by 2030.

Are solar-energy systems a viable alternative to hydrogen production?

Solar-energy systems definitely present the attractive and economically viable renewable alternative for hydrogen production as has been established [6, 16], although the penalty incurred by their intermittent character on overall system performance must always be considered for optimisation.

What does LCoH mean in a solar PV capacity share map?

In addition to the LCOH maps, the solar PV capacity share maps depict the optimal share of solar PV capacity in the total solar PV and onshore wind capacity combined. A value of 100% represents a system supplied by solar power only, 0% stands for purely wind-based hydrogen production.