See (for example):
https://www1.eere.energy.gov/hydrogenandfuelcells/pdfs/46719.pdfTechnical Report
NREL/TP-560-46719 November 2009
Lifecycle Cost Analysis of Hydrogen Versus Other Technologies for Electrical Energy Storage
D. Steward, G. Saur, M. Penev, and T. Ramsden
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4 Conclusions
The results of this study enable comparison of the cost of hydrogen and several competing technologies for energy storage, including the cost of producing excess hydrogen for use in vehicles. Each technology also has various non-economic benefits and drawbacks.
4.1 Energy Arbitrage Benchmarking Cost Analysis
Hydrogen for energy storage is potentially cost competitive with battery systems but not competitive with pumped hydro or CAES systems for the scenarios evaluated here. Figure 30 summarizes the comparison of levelized (annualized total capital and operating) cost of delivered electricity for hydrogen (green bars) and competing technologies (blue bars). The bottom of the bars represents the low end of the range for the low-cost cases, and the top of the bars represents the high end of the range for the high-cost cases. The numerals shown are the nominal values of the mid-range cases; these mid-range values do not represent a statistical determination of most-probable costs.
The cost range for each system reflects the cost ranges found in the literature and estimates of potential cost reductions as technologies develop. The fuel cell scenario cost range reflects the comparative immaturity of fuel cell technologies for this application. It is anticipated that costs for fuel cells will decrease as the technology matures and is implemented in more applications. Hydrogen combustion turbines could prove to be viable for energy storage applications and have the potential for providing additional flexibility to utilities through co-firing of mixtures of natural gas and hydrogen. The fuel cell systems have a relatively large range: from $0.18/kWh to $0.50/kWh for the low and high base cases (without sensitivities), respectively. The difference is primarily due to the potential for significant cost reductions for fuel cells in the near future. The battery systems are expected to decrease in cost as the technologies become better established. However, it is unlikely that a nickel cadmium system would be economical for the scenario evaluated here.
Figure 30. Ranges of LCOE for electricity storage systems…
This report is from 2009, the work of Nocera and company would make the hydrogen storage options even more attractive.
http://nocera.mit.edu/Publications2011http://energy.gov/videos/faces-recovery-act-sun-catalytixhttp://arpa-e.energy.gov/ProgramsProjects/OtherProjects/DirectSolarFuels/AffordableEnergyfromWaterandSunlight.aspxSun Catalytix Corporation: Affordable Energy from Water and Sunlight
Organization Sun Catalytix Corporation
Website www.suncatalytix.com
Point of Contact Dr. Daniel Nocera
With ARPA-E’s financial support, Sun Catalytix is developing a versatile, inexpensive, efficient, self-repairing, and scalable method for storage of renewable energy. Sun Catalytix will exploit a novel water oxidation catalyst that employs earth-abundant elements to generate hydrogen and oxygen from tap water or clean sea water. ARPA-E funding has enabled Sun Catalytix to move the novel catalyst technology from the academic laboratory to a commercial setting for practical application. Specifically, Sun Catalytix aims to design and develop a new class of electrolyzer and photoelectrochemical cell (PEC) devices, including an inexpensive 100 Watt electrolyzer and a direct solar-to-fuel PEC module. It is anticipated that both devices will be constructed from materials that support mass production, operate efficiently using readily-available water supplies, and serve as robust test-beds for innovative new products. If successful, this project will allow economical and distributed energy storage from renewable energy supply using water as a feedstock, and enable continuous power in off-grid locations at much lower cost than incumbent technologies.
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