International Journal of Hydrogen Energy,
Journal Year:
2024,
Volume and Issue:
69, P. 184 - 194
Published: May 6, 2024
The
production
of
green
hydrogen
through
electrolysis,
utilizing
renewable
energies,
is
recognized
as
a
pivotal
element
in
the
pursuit
decarbonization.
In
order
to
attain
cost
competitiveness
for
hydrogen,
reasonable
generation
costs
are
imperative.
To
identify
cost-effective
import
partners
Germany,
given
its
limited
capabilities,
this
study
undertakes
an
exhaustive
techno-economic
analysis
determine
potential
Levelized
Cost
Hydrogen
Norway,
Spain,
Algeria,
Morocco,
and
Egypt
year
2050,
which
represents
critical
milestone
European
decarbonization
efforts.
Employing
stochastic
approach
with
Monte
Carlo
simulations,
paper
marks
significant
contribution
projecting
future
ranges,
acknowledging
multitude
uncertainties
inherent
related
parameters
emphasizing
importance
randomness
these
assessments.
Country-specific
Weighted
Average
Capital
calculated
create
refined
understanding
political
economic
influences
on
formation,
rather
than
using
uniform
value
across
all
investigated
nations.
Key
findings
reveal
that
among
evaluated
nations,
PV-based
emerges
most
cost-efficient
alternative
countries
except
Spain
presenting
lowest
at
1.66
€/kg
3.12
€/kg,
followed
by
Algeria
(1.72
3.23
€/kg)
Morocco
(1.73
3.28
€/kg).
Consequently,
economically
favorable
options,
Germany
advised
prioritize
imports
from
countries.
Additionally,
derived
onshore
wind
Norway
(2.24
3.73
offers
feasible
alternative.
ensure
supply
chain
diversity
reduce
dependency
single
source,
mixed
strategy
advisable.
Despite
having
electricity
cost,
shows
highest
Hydrogen,
primarily
due
Capital.
