Abstract
The conventional hydrogen production methods, primarily steam methane reforming and coal gasification, produce massive amounts of greenhouse gas emissions which significantly cause impacts on the environment. An alternative hydrogen production method is high-temperature electrolysis using Solid Oxide Electrolyzer that combines both high conversion efficiency and saleable high purity hydrogen production. The produced hydrogen can feed the various industrial processes at different scales in addition to offering an environmentally friendly storage option. The scope of this paper is to examine the economic feasibility of this technology through the utilization of the exergoeconomic concept, which traces the flow of exergy through the system and price both waste and products. Therefore, a standalone solid oxide electrolyzer of a 1MWe is considered for hydrogen production using renewably generated electricity. Having the detailed exergy analysis conducted in earlier studies, the focus of this article is on the costing of each exergy stream to determine the exergy cost and the potential changes outcomes as a result of the system operating or design parameters optimization. It is found that the cost of hydrogen production through the modular high-temperature electrolyzer varies between $3-$9/kg with an average of about $5.7/kg, respectively.
•An exergoeconomic analysis is conducted on a standalone high-temperature electrolyzer.•The exergoeconomic analysis shows the impact of variations in design and operating conditions.•The average cost of hydrogen production using standalone high-temperature electrolyzer is found to be $5.7/kg.•A sensitivity analysis shows large variations in hydrogen production cost between $3-$9/kg.