This data-file models the economics of constructing a new fuel-cell power project, generating electricity from grey, blue or green hydrogen, based on technical papers and past projects around the industry.
A dozen input variables can be flexed in the model, to stress test economic sensitivity to: hydrogen prices, power prices, carbon price, distribution costs, conversion efficiency, capex costs, opex costs, utilization and tax rates.
Indicative inputs, and sensible ranges, are suggested for each of these input variables in the data-file.
Economics continue to look more challenged for hydrogen power, compared with simply decarbonizing or carbon offsetting natural gas power. Our base case estimate is a 24c/kWh incentive price for blue hydrogen power.