Economic assessment of hydrogen production from sea water using wind energy: A case study
Mostafa Rezaei, Ali Mostafaeipour, Mehdi Jahangiri
Abstract
This study seeks to scrutinize the economic aspects of establishing the proposed system for producing electricity and hydrogen in the nominated city. For this, levelized cost of wind-generated electricity, levelized cost of seawater desalinated using wind energy, levelized cost of wind-powered hydrogen, payback period of investing on electricity, and hydrogen production are predicted. The results indicated that levelized cost of wind-generated electricity would vary from 0.0208 to 0.053 US$/kWh under different cases and scenarios. This range regarding levelized cost of seawater desalinated using wind energy was between 0.0147 and 0.0404 US$/m 3 and also the amount of levelized cost of wind-powered hydrogen was guessed to be from 7.0074 to 10.5667 US$/kg. All values of payback period calculated as to wind electricity were less than half of the project lifetime. In addition, payback period of generating hydrogen was arguable only for the turbine with a rated power of 900 kW.