Title Žaliojo vandenilio gamybos ekonominė analizė
Translation of Title Economic analysis of green hydrogen production.
Authors Rakauskienė, Ieva
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Pages 55
Keywords [eng] green hydrogen ; electrolysis ; LCOH ; economic assessment ; electrolyzer
Abstract [eng] This master's thesis analyzes the economic efficiency of green hydrogen production, with a particular focus on the impact of electricity prices and electrolyzer operating regimes on production costs. The relevance of the study is determined by the increasing need to reduce greenhouse gas emissions and to develop sustainable energy solutions that support climate change mitigation goals. The object of the research is the economic evaluation of green hydrogen production. The aim of the thesis is to assess the economic efficiency of green hydrogen production using the Levelized Cost of Hydrogen (LCOH) methodology. To achieve this aim, the following objectives are set: to analyze green hydrogen production technologies and their development context, to develop an economic evaluation methodology, and to perform a practical assessment evaluating the impact of key parameters on the results. The methods applied in the study include economic modeling, LCOH calculation, and sensitivity analysis, which allow the evaluation of the impact of electricity prices, electrolyzer operation, and other factors on hydrogen production costs. The results show that the cost of green hydrogen production is highly dependent on electricity prices, and LCOH values vary significantly depending on the selected scenarios. It is determined that economic competitiveness can be achieved under conditions of low electricity prices and optimized electrolyzer operation. Additionally, participation in electricity markets may provide additional revenue streams and improve the overall economic performance of the project. The findings indicate that green hydrogen production can become economically viable only under favorable electricity market conditions and with flexible production strategies, while ongoing technological development and energy market transformation create favorable conditions for increasing competitiveness in the future.  .
Dissertation Institution Kauno technologijos universitetas.
Type Master thesis
Language Lithuanian
Publication date 2026