A new scientific article by Alessio Trivella investigates how renewable energy producers can optimise investments in electrolysers for green hydrogen production, even under significant market and technology uncertainties.

The study addresses the complex decision-making landscape shaped by fluctuating electricity and hydrogen prices, evolving investment costs, and renewable curtailment levels. To model these uncertainties, the research applies approximate dynamic programming (ADP), providing insights into near-optimal investment policies.

The findings highlight the value of flexibility in investment timing, offer guidance on optimal electrolyzer capacity decisions, and clarify when coupling with hydrogen storage is beneficial. They also suggest utilisation strategies suited to changing market conditions.

The paper, titled Optimizing electrolyzer investments for green hydrogen production under market and technology uncertainties, is available in Renewable Energy.
Read the abstract here: ScienceDirect link.

This work offers renewable energy producers a valuable resource for navigating the evolving hydrogen economy with data-driven investment decisions.