Assessing the environmental and economic viability of floating PV-powered green hydrogen: A case study on inland ferry operations in Türkiye

This paper conducts a comprehensive analysis of the environmental impacts and costs associated with a floating photovoltaic (FPV)-powered green hydrogen production system for a ferry line in Türkiye, utilizing life cycle assessment (LCA) and life cycle cost assessment (LCCA) methods. The methodology involves regridding daily data from 13 Global Climate Models (GCMs) to a consistent 1° × 1° grid, comparing this data with ERA5 datasets using various statistical methods, and identifying the top four GCMs. These models are then used to forecast ambient temperature, wind speed, and solar radiation for 2023–2052. Based on these forecasts, the FPV system's component sizes are determined. The LCA, based on the GREET 2022 database, reveals that green hydrogen is the most environmentally friendly option, reducing global warming potential (GWP) by 77.5 % compared to marine diesel oil (MDO 0.1 % S), with more than 62 % of GWP for the hydrogen-powered ferry attributed to PV production. LCCA results indicate that, without subsidies, green hydrogen is not economically feasible for the selected inland ferry line. Carbon taxes are insufficient to bridge cost differences, highlighting the need for financial incentives. Reducing corporate tax to 10 % is identified as the most effective incentive, and the Production Tax Credit (PTC) option maximizes internal rates of return for green hydrogen producers. This study provides valuable insights for sustainable energy choices in maritime transport, emphasizing the importance of both environmental and economic considerations. •The green hydrogen-powered ferry line causes 77.5 % less GWP compared to MDO.•More than 62 % of GWP comes from the PV production.•Green hydrogen is not a feasible option without any subsidy.•The LCOH is estimated between 6.99 and 6.66 $/kgH2 based on the scenario.•Financial incentives are more powerful tools compared to carbon taxes.