Viability analysis of centralized hydrogen generation plant for use in mobility sector

Nowadays, the use of renewable energy sources is one of the keys to achieve the sustainable development of societies. The intensive use of fossil fuels has caused effects in the environment and the human health. Greenhouse gas emissions and the carcinogenic effect of diesel are widely demonstrated. The production of clean energy based on renewable sources and the use of hydrogen as an energy vector in general and as an alternative fuel in particular represent a technically feasible reality. However, it is necessary to study the economic variables of centralized or distributed production of hydrogen as an alternative fuel. The aim of this paper is to analyze the technical and economic viability of a centralized generation hydrogen plant for mobility use. It was performed a sensitivity analysis of main parameters such as size of hydrogen production plant, operating hours of the plant, investment costs of the main equipment and electricity price. A NPV of 1,272,692 and a 9-year pay-back were obtained for a centralized hydrogen production plant of 2 MW, considering commercial values of the main evaluation parameters. The sensitivity analysis determines that the main variables affecting the NPV are the price of electricity and the operating hours of the plant. With 95% of confidence, the NPV will be positive with an 80.19% of certainty. Therefore, centralized hydrogen production represents a technically viable, environmentally friendly and economically attractive process that can rapidly position hydrogen as an alternative fuel for mobility. (C) 2018 Hydrogen Energy Publications LLC. Published by Elsevier Ltd. All rights reserved.