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Research

LOHC & Hydrogen System Economics

Two threads under one economics lens: mechanism-level catalyst work on liquid organic hydrogen carrier (LOHC) dehydrogenation, and techno-economic assessment of hydrogen refueling and compression systems.

  • Economics
LOHC & Hydrogen System Economics schematic

Background

Materials and systems work only matters commercially if the economics pencil out, and that’s where a lot of my non-lab work sits: translating catalyst and reactor decisions into cost-per-kilogram-of-hydrogen numbers that can be compared across technology options, rather than treating techno-economic analysis as an afterthought bolted onto a finished technical result. Two threads run through this case, tied together by that lens.

The first is a liquid organic hydrogen carrier (LOHC) thread. LOHCs store hydrogen by chemically binding it to a liquid molecule at one site and releasing it by catalytic dehydrogenation at another — a route that lets hydrogen move through existing liquid-fuel infrastructure instead of requiring new cryogenic or high-pressure handling. My contribution here was on the catalysis side: designing mechanism-verification experiments and providing XPS surface characterization for platinum-based dehydrogenation catalysts, looking at how promoter atoms and catalyst structure change the reaction pathway and the rate at which hydrogen is released.

The second is a techno-economic assessment (TEA) capability that runs across several projects rather than sitting inside a single paper. I’ve used the HDSAM (Hydrogen Delivery Scenario Analysis Model) framework to assess hydrogen refueling station economics, carried out a techno-economic assessment of the compressor stage in a high-pressure hydrogen system — the compressor techno-economic assessment contribution is detailed in Sodium Borohydride for Hydrogen Mobility & Compression— and run levelized cost analyses to compare competing system designs on a common cost basis.

What I did

  • Designed mechanism-verification experiments and provided XPS support for a platinum-based LOHC dehydrogenation catalyst study.
  • Ran an HDSAM-based techno-economic assessment of hydrogen refueling station economics.
  • Contributed a techno-economic assessment of the compressor stage in a high-pressure hydrogen system.
  • Carried out levelized cost analyses across competing system designs.
  • Built a cost–benefit model for a 1 MW combined heat-and-power plant running on retired vehicle fuel-cell stacks — the analysis behind the contest grand prize.
  • Modeled the levelized cost of an overseas LOHC green-hydrogen supply chain feeding a 1,000 MW co-firing power plant, from hydrogenation to maritime transport to dehydrogenation.

Case study: second-life fuel-cell power

The contest-winning analysis starts from an asymmetry in how fuel-cell stacks age. Automotive stacks retire at roughly 90% state-of-health after about 5,000 hours, because vehicle duty — rapid load swings, humidity cycling — is exactly what accelerates degradation. Under steady stationary load the same stack chemistry points to lifetimes approaching 80,000 hours. So a retired vehicle stack still holds most of its useful life, and the model prices what that remainder is worth: a 1 MW plant assembled from ~14 retired stacks (73.8 kW each after first-life degradation), running 7,884 hours a year and selling both electricity and district heat, with by-product hydrogen as fuel. Cost–benefit and break-even trajectories were discounted at 1.7%, the A+ corporate bond rate at the time.

Key numbers
Stack procurement ≈ ₩36M per retired stack (₩490M for the plant, a conservative 10% residual-value discount) · by-product hydrogen at ₩2,450/kg, ~700 tonnes/yr — the dominant operating cost · revenue ≈ ₩1.3bn/yr electricity (₩165/kWh) + ₩1.1bn/yr heat (₩83/kWh).

Case study: LOHC supply-chain economics

The LOHC model follows green hydrogen from an overseas production site to a Korean power plant: hydrogenation into the carrier abroad, maritime transport by VLCC, dehydrogenation using the plant’s waste heat, and co-firing in a 1,000 MW LNG turbine. Process simulation sized the CAPEX and OPEX of every stage, and a levelized cost analysis rolled them into a single delivered cost per kilogram. The point of the exercise is the sensitivity sweep: it turns catalyst KPIs into economic requirements, saying exactly how good the dehydrogenation catalyst has to be — in space velocity and in lifetime — before the whole chain clears the bar against LNG-only operation.

Key numbers
Baseline delivered hydrogen ≈ $2.6/kg levelized, with the green-hydrogen purchase price the dominant term (a $2→8/kg sweep moves delivered cost to ~$8.6/kg) · feasibility thresholds: catalyst space velocity > 1 h⁻¹, durability > 3,000 h, shipment scale > 100 kton, green hydrogen < $2/kg.

Outcomes

The second-life stack analysis above won the Grand Prize at the 1st Future Automotive Industry Idea Contest, organized by the Foundation of Korea Automotive Parts Industry Promotion (KAP). It’s the applied side of the same economics lens that runs through the refueling-station and compressor analyses — same methodology, aimed at a public idea-contest audience rather than a peer-reviewed one.

Award
Grand Prize — 1st Future Automotive Industry Idea Contest, November 10, 2022. Organizer: Foundation of Korea Automotive Parts Industry Promotion (KAP). Proposed an idea for innovation in hydrogen mobility.

Related publications

Promoter-guided reaction intermediate dynamics enhance perhydro-benzyltoluene dehydrogenation

ACS Catalysis, 2025

Co-author

Contribution: Experimental design for mechanism-verification studies and XPS support

How promoter atoms steer reaction intermediates in LOHC dehydrogenation over Pt.

doi.org/10.1021/acscatal.4c07703

Synergistic structural and electronic influences of Pt bead catalysts on dehydrogenation activity for liquid organic hydrogen carriers

Chemical Engineering Journal, 2023/2024

Co-author

How the structure and electronic state of platinum “bead” catalysts jointly control hydrogen release from a liquid organic carrier.

doi.org/10.1016/j.cej.2024.150446