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Current methods based on a conventional photovoltaic cell coupled to an electrolyser for producing hydrogen, cost about €15 per kilogram (£13/kg or $20/kg).
He claimed the company could produce electricity for about 13 to 15 cents per kilowatt-hour, a price comparable to grid power produced from coal in some areas — though the hydrogen cost equation ought to include the amortization of the fuel-cell cost.
The hydrogen cost is inversely related to the exergoeconomic factor, plant capacity and exergy efficiency.
Cost breakdown in various Power-to-Fuel concepts confirm that hydrogen cost is the most crucial factor.
Moreover, a cost and sensitivity analysis is carried out to evaluate the levelized hydrogen cost for different station designs.
Also, in the case of electrolysis, hydrogen cost sensitivity to the price of electricity has been examined.
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At the pump the hydrogen costs $5 a kilo about the same, in terms of mileage, as current petrol prices.
Based on these estimations, together with the predicted future costs (2019 2020 and 2030) for hydrogen from alternative sources, several hydrogen cost-parity analyses are exposed for renewable and nuclear energies.
According to the cost analysis conducted here, it is understandable that hydrogen costs ($/kg) vary considerably based on station type, size, and capacity factor.
Optimized supply chains result in delivered hydrogen costing between $3/kg and $5.50/kg with one-tenth of the well-to-wheels greenhouse gas emissions of conventional gasoline-fueled vehicles.
In general, hydrogen costs in Iran are estimated from 3 to 10.5 $/kg, however a strategy for producing even lower cost hydrogen in the early years of hydrogen implementation, is proposed, which all together indicates that hydrogen could be an economical alternative fuel to substitute gasoline in the Iran's transportation sector.
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