IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04297124.html
   My bibliography  Save this paper

Strategic Investments: Electrolysis vs. Hydrogen Storage for Europe's Energy Security in the Hydrogen Era

Author

Listed:
  • Ange Blanchard

    (CEC - Chaire Economie du Climat - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres, LGI - Laboratoire Génie Industriel - CentraleSupélec - Université Paris-Saclay)

Abstract

This paper addresses the pivotal role of hydrogen in Europe's decarbonisation efforts and the looming reliance on imports, expected to exceed 50\% by 2035. Considering historical compromises to energy security due to geopolitical events and technical failures, we explore the drivers of energy security in building a reliable hydrogen economy. Focusing on Underground Hydrogen Storage (UHS) and electrolysis, we employ a Multi-stage stochastic dynamic programming model to assess optimal strategies against disruption risks in 2035 for Central Western Europe. Our findings reveal the complementarity of electrolysis and UHS in addressing security concerns, with a recommended investment premium in both. Notably, electrolysis outperforms and is preferred. Additionally, the paper emphasises the dominance of investment over operational measures, highlighting hydrogen's unique specificities compared to traditional energy vectors.

Suggested Citation

  • Ange Blanchard, 2023. "Strategic Investments: Electrolysis vs. Hydrogen Storage for Europe's Energy Security in the Hydrogen Era," Post-Print hal-04297124, HAL.
    • Handle: RePEc:hal:journl:hal-04297124
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-04297124. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.