Review on The Techno-Economics of Decentralized Hydrogen Production Using Alternative Renewable Energy Sources

Abstract

The transition to a sustainable energy future is progressively reliant on hydrogen as a clean and versatile energy carrier, specifically through decentralized production systems powered by alternative renewable energy sources. This review assesses the techno-economical aspects of decentralized hydrogen production utilizing renewable energy sources such as wind and solar. It explores green hydrogen production techniques and their effectiveness in optimizing hydrogen generation. Additionally, the paper examines the economic factors that impact the feasibility of hydrogen projects, including the Levelized Cost of Hydrogen (LCOH), Net Present Value (NPV), Simple Pay Back Period (SPP), and Internal Rate of Return (IRR). Moreover, it discusses assessment tools such as HOMER (Hybrid Optimization Model for Electric Renewables), TRNSYS16, and HYDROGEMS which offer significant insights into the operational performance and optimization of decentralized hydrogen production systems. By analysing current research and case studies, this review aims to provide a thorough understanding of the

Techno-economics of decentralized hydrogen production.