Experts urge long-term view to lower hydrogen project TCO and ensure viability
Overlooking the need for simplicity, reliability, and long service life in large-scale hydrogen plants is a major factor driving up total cost of ownership (TCO), experts warned during a H2 View webinar.
Simplicity over complexity should be prioritised to reduce operational risks, according to Denis Krude, President and CEO at Hydrogen Optimized and Michael Marti, Global Business Line Growth Industries Manager at ABB Process Industries.
“Capex is just one parameter – often the OPEX plays a much bigger role,” Krude explained. “It is usually worth investing a little bit more upfront to lower the OPEX over the entire lifetime of a plant.”
The CEO highlighted that OPEX often accounts for 60–80% of the TCO in hydrogen projects, especially due to the cost of electricity.
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