Publications

A Life Cycle Cost Analysis Framework for Geologic Storage of Hydrogen

Lord, Anna S.; Kobos, Peter H.; Borns, David J.

Large scale geostorage options for fuels including natural gas and petroleum offer substantial buffer capacity to meet or hedge against supply disruptions. This same notion may be applied to large scale hydrogen storage to meet industrial or transportation sector needs. This study develops an assessment tool to calculate the potential ‘gate-to-gate’ life cycle costs for large scale hydrogen geostorage options in salt caverns, and continues to develop modules for depleted oil/gas reservoirs and aquifers. The U.S. Department of Energy has an interest in these types of storage to assess the geological, geomechanical and economic viability for this type of hydrogen storage. Understanding, and looking to quantify, the value of large-scale storage in a larger hydrogen supply and demand infrastructure may prove extremely beneficial for larger infrastructure modeling efforts when looking to identify the most efficient means to fuel a hydrogen demand (e.g., industrial or transportation-centric demand). Drawing from the knowledge gained in the underground large scale storage options for natural gas and petroleum in the U.S., the potential to store relatively large volumes of CO₂ in geological formations, the hydrogen storage assessment modeling will continue to build on these strengths while maintaining modeling transparency such that other modeling efforts may draw from this project.