Lazard undertakes an annual detailed analysis into the levelized costs of energy from various generation technologies, energy storage technologies and hydrogen production methods. This includes: • Comparative and illustrative LCOE analysis for gas peaking generation, a key use case in the U.S. power sector, utilizing a 25% blend of Green and Pink hydrogen on a $/MWh basis, including sensitivities for U.S. federal tax subsidies • Deconstruction of the LCOH for Proton Exchange Membrane (“PEM”) and alkaline-based electrolyzers by water and electricity cost, capital cost, O&M, warranty expenses and electrolyzer stack replacement
