Background
StormFisher Hydrogen develops, owns, and operates hydrogen-based clean fuel production facilities that enable the transition to a low-carbon future. Rooted in the increasing importance of green hydrogen (GH2), StormFisher aim to highlight the significance of selecting the right location for GH2 projects.
Challenge
Selecting the optimal location for a GH2 project is a critical decision. To demonstrate this, EPE conducted a comparative study between two sites in the Eastern Interconnection and WECC. Our goal was to showcase how strategic location selection can significantly influence project success.
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Approach
Our study revealed fascinating trends in the Levelized Cost of Hydrogen (LCOH) at varying capacity factors of the Electrolyzers. EPE pinpointed the optimal LCOH value for both sites, providing a clear, focused result that’s crucial for decision-making including how much PV and Wind used at each data point. Additionally, EPE analyzed the percentage of excess energy relative to the total available energy, highlighting how this surplus can further reduce LCOH when integrated with grid operations and sold back to the grid.
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Solution
Our collaboration was pivotal in minimizing the Levelized Cost of Hydrogen (LCOH) for their GH2 projects. This resulted in improved project viability and financial efficiency, positioning StormFisher as a competitive player in the GH2 market.