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Economies-of-scale cost reductions loom large in the Hydrogen Market. According to conservative projections by the National Renewable Energy Laboratory, the cost per hydrogen station will align with that of other green energy fuels within the next 10 years.
Hydrogen gas-based stations typically have an average daily storage capacity of around 180 kg. These stations are designed to accommodate the delivery and storage of hydrogen in gaseous form. The estimated total cost of establishing such a station is approximately $2 million. This cost includes expenses related to equipment procurement, design and engineering, construction, as well as commissioning.
Hydrogen stations utilizing liquid delivery systems have an average daily storage capacity of approximately 350 kg. These stations are designed to receive and store hydrogen in liquid form. The estimated total cost for constructing and commissioning such a station is around $2.8 million, encompassing expenses related to equipment procurement, design, construction, and commissioning.
Hydrogen stations that generate hydrogen onsite through water electrolysis typically have an average daily storage capacity of 120 kg. These stations are designed to produce hydrogen by splitting water molecules into hydrogen and oxygen using electrolysis. The estimated total cost for constructing and commissioning such a station is approximately $3.2 million. This cost includes expenses related to equipment procurement, design, construction, and commissioning.
For transit buses, the cost of hydrogen stations is approximately $5 million, enabling them to refuel up to 25 buses per day, with a refueling time of 6 to 10 minutes per bus. Stations implemented by AC Transit and Stark Area Regional Transit Authority employ liquid hydrogen delivery systems, whereas the SunLine Transit station features a large electrolyzer for hydrogen production. Based on invoices obtained from one station, the cost of liquid hydrogen delivery ranges from $9 to $10 per kilogram. On an energy basis, this equates to approximately $4 to $5 per gallon of diesel fuel.
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