Modelling Hydrogen Technology and Systems with Techno-Economic Analysis for Stationary Energy Storage in the Norwegian Continental Shelf

Abstract

Norway, with its abundant renewable resources and forward-thinking approach to energy innovation, stands poised to tackle this challenge head-on. Positioned at the forefront of the energy transition, Norway is uniquely positioned to leverage its natural advantages to become a pivotal player in hydrogen production and storage. The ongoing initiatives, such as the hydrogen hubs in Hellesylt, Ørskog, and Tau, exemplify Norway's proactive approach to exploring innovative solutions for hydrogen storage. Recent calculations underscore the economic viability of hydrogen storage, particularly in the Ørskog hub, where low-levelized costs have been projected to potentially reach as low as $0.183 per kilogram for an hourly cycle. This promising figure not only highlights the feasibility of hydrogen storage but also underscores the importance of strategic planning and investment in infrastructure. Factors such as capital expenditures (CAPEX), operational expenditures (OPEX), and the lifetime of equipment play pivotal roles in determining the overall cost-effectiveness of hydrogen storage solutions. As Norway continues to pioneer advancements in renewable energy technologies and foster a conducive environment for innovation, the nation is poised to solidify its position as a trailblazer in the global transition towards a cleaner, more sustainable energy landscape. By capitalizing on its natural resources and embracing cutting-edge solutions like Power-to-Gas systems, Norway is paving the way for a future where net-zero emissions are not just aspirational goals but tangible realities.