Economics of liquid hydrogen from water electrolysis

Using the data from vendors and open literature, we have constructed a preliminary cost model to predict the cost of liquid hydrogen (LH₂) from water electrolysis. The model has been applied to two LH₂ plants. Both have a production rate of 10 886 kg day⁻¹. The first plant (Plant 1) consists of a tank-type electrolyzer and a liquefier and runs all day at the base-load (or equivalent base-load) power rate. The second (Plant 2) consists of a tank-type electrolyzer, a liquefier, a compressor, and storage vessels. The electrolyzer and the compressor shall run only during the off-peak hours at the off-peak power rate. However, the liquefier shall run all day at the base-load (or equivalent base-load) power rate. The costs of LH₂ from both plants are presented. Unless the base-load power rate is high and the off-peak power rate is substantially low, Plant 1 appears to be economically more feasible than Plant 2.