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Industrial hydrogen storage tanks at a facility, representing alternative energy sources and clean fuel technology.Industrial hydrogen storage tanks at a facility, representing alternative energy sources and clean fuel technology.

Thoughts

H2Au: Developing models and analysis on the levelised cost of hydrogen

26th Jun, 2024

THE CHALLENGE

H2Au are a start-up seeking to discover, extract and produce gold hydrogen, a naturally occurring hydrogen. A hurdle they faced was the lack of in-depth understanding and quantification of the potential cost of gold hydrogen compared to blue and green alternatives. The client also required assistance in understanding the hydrogen market local to the proposed wells, and analysis of the different offtaker types nearby.

THE SOLUTION

Gemserv was selected to develop models and analysis on the levelised cost of production of gold, blue and green hydrogen from scratch. The gold hydrogen costings were adapted from drilling techniques for natural gas. In order to fully inform the client, we took the following actions:

  • Displayed the expected costs of gold H2 compared to blue and green.
  • Offered a variety of price scenarios.
  • Undertook a high-level market study.
  • Created a report with a strategic recommendation for H2Au’s project.

THE IMPACT

The Levelised Cost of Hydrogen model and market study report developed by Gemserv offered important insights and understanding to H2Au on the value and options available for their business.

The report has informed the decisions of the H2Au management and shareholders and assisted in the development of the strategy and next steps. The outcome of our research allowed H2Au to:

  • Support the decisions of management and shareholders.
  • Develop their strategy and next steps.
  • Express and validate the opportunities of their company to investors, partners and customers.
  • Allow the management team to speak confidently and effectively of their plans.

Authors

Harry Morton

Principal Consultant - Hydrogen

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Rachael Quintin-Baxendale

Graduate Hydrogen Consultant

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