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This study was aimed to define a methodology based on existing literature and evaluatethe levelized cost of hydrogen (LCOH) for a decentralized hydrogen refueling station (HRS) in Halle,Belgium. The results are based on a comprehensive data collection, along with real cost information.The main results indicated that a LCOH of 10.3 €/kg at the HRS can be reached over a lifetime of20 years, if an average electricity cost of 0.04 €/kWh could be achieved and if the operating hoursare maximized. Furthermore, if the initial capital costs can be reduced by 80%, in the case of directsubsidy, the LCOH could even fall to 6.7 €/kg.Keywords: hydrogen; hydrogen refueling station; levelThis study was carried out as a part of the Don Quichote (DQ) project which is co-funded bythe 7th Framework Programme (FP7) under the initiative of the Fuel Cell and Hydrogen Joint Undertaking (FCHJU) under grant agreement number 303411. The author would like to use the opportunity to thank the projectpartners for their assistance and for letting this paper become a reality. The project partners are: Hydrogenics,Colruyt, Thinkstep, TUV, Icelandic New Energy, FAST and Waterstofnet. Special thanks to Denis Thomas atHydrogenics for the input he provided.Peer Reviewe

A Step towards the Hydrogen Economy—A Life Cycle Cost Analysis of A Hydrogen Refueling Station