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Hydrogen in Energy Transition: The Problem of Economic Efficiency, Environmental Safety, and Technological Readiness of Transportation and Storage

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  • Svetlana Revinova

    (Department of Economic and Mathematical Modeling, Peoples’ Friendship University of Russia (RUDN University), Moscow 117198, Russia)

  • Inna Lazanyuk

    (Department of Economic and Mathematical Modeling, Peoples’ Friendship University of Russia (RUDN University), Moscow 117198, Russia)

  • Bella Gabrielyan

    (Department of Economic Sciences, Yerevan Branch of Plekhanov Russian University of Economics, Yerevan 0038, Armenia
    Institute of Economics after M. Kotanyan National Academy of Sciences of the Republic of Armenia, Yerevan 0015, Armenia)

  • Tatevik Shahinyan

    (Institute of Economics after M. Kotanyan National Academy of Sciences of the Republic of Armenia, Yerevan 0015, Armenia)

  • Yevgenya Hakobyan

    (Institute of Economics after M. Kotanyan National Academy of Sciences of the Republic of Armenia, Yerevan 0015, Armenia)

Abstract

The circular economy and the clean-energy transition are inextricably linked and interdependent. One of the most important areas of the energy transition is the development of hydrogen energy. This study aims to review and systematize the data available in the literature on the environmental and economic parameters of hydrogen storage and transportation technologies (both mature and at high technological readiness levels). The study concluded that salt caverns and pipeline transportation are the most promising methods of hydrogen storage and transportation today in terms of a combination of all parameters. These methods are the most competitive in terms of price, especially when transporting hydrogen over short distances. Thus, the average price of storage will be 0.35 USD/kg, and transportation at a distance of up to 100 km is 0.3 USD/kg. Hydrogen storage underground in a gaseous state and its transportation by pipelines have the least consequences for the environment: emissions and leaks are insignificant, and there is no environmental pollution. The study identifies these methods as particularly viable given their lower environmental impact and potential for seamless integration into existing energy systems, therefore supporting the transition to a more sustainable and circular economy.

Suggested Citation

  • Svetlana Revinova & Inna Lazanyuk & Bella Gabrielyan & Tatevik Shahinyan & Yevgenya Hakobyan, 2024. "Hydrogen in Energy Transition: The Problem of Economic Efficiency, Environmental Safety, and Technological Readiness of Transportation and Storage," Resources, MDPI, vol. 13(7), pages 1-24, July.
    • Handle: RePEc:gam:jresou:v:13:y:2024:i:7:p:92-:d:1426710
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    References listed on IDEAS

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    1. Tarkowski, Radosław & Lankof, Leszek & Luboń, Katarzyna & Michalski, Jan, 2024. "Hydrogen storage capacity of salt caverns and deep aquifers versus demand for hydrogen storage: A case study of Poland," Applied Energy, Elsevier, vol. 355(C).
    2. Konstantin Gomonov & Marina Reshetnikova & Svetlana Ratner, 2023. "Economic Analysis of Recently Announced Green Hydrogen Projects in Russia: A Multiple Case Study," Energies, MDPI, vol. 16(10), pages 1-15, May.
    3. Svetlana Ratner & Yuri Chepurko & Larisa Drobyshecskaya & Anna Petrovskaya, 2018. "Management of Energy Enterprises: Energy-efficiency Approach in Solar Collectors Industry: The Case of Russia," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 237-243.
    4. Svetlana Revinova & Inna Lazanyuk & Svetlana Ratner & Konstantin Gomonov, 2023. "Forecasting Development of Green Hydrogen Production Technologies Using Component-Based Learning Curves," Energies, MDPI, vol. 16(11), pages 1-19, May.
    5. Wei-Ming Chen & Hana Kim, 2019. "Circular economy and energy transition: A nexus focusing on the non-energy use of fuels," Energy & Environment, , vol. 30(4), pages 586-600, June.
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