Thank you @KeithDPatch
Very interesting perspective on the LCOE! I will look further into this. Do you think it’s important to get clear visibility into the price of electricity and water used for operations?
With regards to the cost benchmarks, please allow me to share a little more context. The cost will be calculated using the LCOE and should reflect the retail cost, hence account for the carrier’s production and distribution (we are defining a couple of scenarios). The reason the cost is in kWh is to remain solution agnostic.
$0.374/kWh (fully considered cost) - Takes into account the full lifecycle of oil, including diesel costs and carbon impacts. Real costs are independent, comprehensive calculations accounting for externalities. The total is $4.87/kg (1 diesel kg = 13kWh)
$0.059/kWh (tipping point) - the cost of $2/kg H2 was identified by the Hydrogen Council in 2020 (1 H2 kg = 33.6 kWh)
$0.034/kWh (at scale cost) - the cost of $1.15/kg H2 was identified by BNEF in 2021 (1 H2 kg = 33.6 kWh)