Cost-Benefit Assessment and Industrial Scale-Up Variability of Low Carbon Hydrogen Energy Production

In a booming global economy, through the use of a fair share of conventional energy sources, converting the current economy into a low-carbon hydrogen economy is an exigent problem. Several policies and economies have failed to implement a fully circulating hydrogen economy. This paper provides a novel policy framework from the grassroots to the global level to achieve free-flowing hydrogen production, storage, and transport. Such a policy framework is thoroughly proposed through a cost‒benefit analysis of a plant producing 1 tonne of low-carbon hydrogen per day using several mathematical and computational models. This paper showcases the operations, development and tangible and intangible benefits of the hydrogen economy through which a final cost‒benefit mechanism and a global policy framework are formulated. Along with such formulations, a varied industrial scalability is also portrayed, which significantly portrays the industrial requirements from 0.5 to 10 TPD through cost‒benefit analysis parameters.