Comparative techno-economic and policy analysis of green hydrogen production in Nordic and Southern Europe

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dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.advisorCross, Samuel
dc.contributor.advisorKhatiwada, Dilip
dc.contributor.authorPriovolos, Alexandros
dc.contributor.schoolInsinööritieteiden korkeakoulufi
dc.contributor.supervisorJärvinen, Mika
dc.date.accessioned2024-06-16T17:05:13Z
dc.date.available2024-06-16T17:05:13Z
dc.date.issued2024-06-10
dc.description.abstractThis thesis presents a comprehensive comparative techno-economic and policy analysis of green hydrogen production in Nordic and Southern Europe, specifically focusing on Finland, Sweden, Greece, and Portugal. Green hydrogen, produced via water electrolysis using renewable energy sources, is a promising solution for decarbonizing various sectors such as transportation, electricity generation, and heavy industry. The study evaluates both the technological and economic aspects, as well as the policy frameworks that support or hinder the development of green hydrogen in these regions. A methodological framework was employed, which includes the calculation of the Levelized Cost of Hydrogen (LCOH) and the Life Cycle Carbon Mitigation Cost (LCCM). This framework helps in assessing the cost-effectiveness and carbon reduction potential of green hydrogen technologies. Additionally, the study incorporates a detailed policy and regulatory framework analysis and market demand projections to provide a holistic view of the hydrogen economy. Findings indicate that regional policy differences significantly impact the economic viability and technological adoption of green hydrogen production. Nordic countries like Sweden and Finland, exhibit advanced technological maturity and favourable economic conditions for hydrogen production, driven by supportive policies and substantial renewable energy capacity. In contrast, Southern Europe, with its abundant solar resources, shows significant potential for cost-effective green hydrogen production, especially in Greece and Portugal. However, the development in these regions is hampered by less mature policy frameworks and infrastructural challenges. The research highlights the critical role of policy incentives, such as subsidies, tax benefits, and investment in infrastructure, in enhancing the scalability and economic viability of green hydrogen technologies. The study also emphasizes the importance of international collaboration and innovation to overcome technical and economic barriers. Supportive policies and targeted investments are essential to leverage the full potential of green hydrogen and to drive the transition towards a sustainable energy system. In conclusion, this thesis provides strategic recommendations for policymakers, industry stakeholders, and researchers to foster a robust and economically viable green hydrogen sector. Key recommendations include the harmonization of policy frameworks across regions, increased investment in technological innovation and infrastructure, and the promotion of international cooperation. By addressing these areas, the potential of green hydrogen as a cornerstone of the global energy transition can be fully realized, contributing significantly to the reduction of greenhouse gas emissions and the achievement of climate goals.en
dc.format.extent95 + 13
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/128791
dc.identifier.urnURN:NBN:fi:aalto-202406164380
dc.language.isoenen
dc.programmeNordic Master Programme in Innovative and Sustainable Energy Engineering (ISEE)fi
dc.subject.keywordgreen hydrogen productionen
dc.subject.keywordhydrogen policyen
dc.subject.keywordlevelized cost of hydrogenen
dc.subject.keywordhydrogen policyen
dc.subject.keywordtechno-economic analysisen
dc.subject.keywordrenewable energy sourcesen
dc.titleComparative techno-economic and policy analysis of green hydrogen production in Nordic and Southern Europeen
dc.typeG2 Pro gradu, diplomityöfi
dc.type.ontasotMaster's thesisen
dc.type.ontasotDiplomityöfi
local.aalto.electroniconlyyes
local.aalto.openaccessyes
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