Waymotion announces the launch of LNEG-LCOH, an innovative web application developed in partnership with the National Laboratory of Energy and Geology that allows estimating the levelized costs of hydrogen production.
Contents
Waymotion is pleased to announce the launch of the “LNEG-LCOH – Levelized Cost of Hydrogen Calculator”, a specialized application created for the National Laboratory of Energy and Geology (LNEG). The underlying algorithm was designed by LNEG, while Waymotion handled the implementation of the web app.
The solution aims to facilitate the estimation of hydrogen cost, helping project developers and stakeholders better understand the economics of green hydrogen. As stated, this tool represents an effort to “facilitate the estimation of the levelized cost of hydrogen (LCOH), enabling project developers and stakeholders to better understand the economics of green hydrogen.”
Key Features
The LNEG-LCOH tool offers:
- Free and flexible calculation services
- Cost analysis across the hydrogen value chain
- Sector benchmark values that reflect current market trends
- Decision-support capabilities for the development of sustainable projects
- Support for energy transition initiatives
Impact
Waymotion underscores its commitment to innovation and the development of solutions with a positive impact on society: “we continue to invest in technology and solutions that drive a more sustainable future.”
The calculator is publicly accessible at lcoh.lneg.pt.
