“…A techno-economic evaluation of offshore wind-to-hydrogen scenarios conducted in the UK by Giampieri et al [47] showed that compressed hydrogen produced offshore is the most cost-effective scenario and stated that the economic feasibility is greatly affected by the storage period and the offshore wind farm distance to the shore. Also, the high annual capacity factor of offshore wind farms makes the use of offshore wind for hydrogen production advantageous as well and can help with affordable hydrogen production [48]. Additionally, through modeling appeared to lower the cost of producing hydrogen, techno-economic cost model analysis, showed that with the scaling of offshore wind farms, the long-term outlook for the LCoH declined towards £2/kg of hydrogen for fixed bottom offshore wind turbines [49].…”