Techno-Economic Analysis of Hydrogen for Coastal Maritime Transport Electrification

Use of hydrogen is becoming prominent in various energy production fields as it is one of the best alternatives for fossil fuels, which cause a high amount of greenhouse gases in the atmosphere. In coastal maritime transportation, hydrogen fuel cells are being used in place of diesel operated engines, which can eliminate carbon dioxide emission entirely. This research study focuses on the techno-economic analysis of hydrogen required for the production of hydrogen that will be utilized as a fuel for the applications of maritime transportation electrification. The Levelized Cost of Hydrogen (LCOH) has been calculated using the North Carolina industrial electricity price. LCOH is a method to calculate the cost per kilogram of hydrogen based on several parameters, such as operating and capital costs. The study also focuses on the economic feasibility of the production of hydrogen for maritime transportation and power generation applications. From the study we can conclude the economic feasibility of producing hydrogen for different applications.