Product development company Ricardo Strategic Consulting is helping pave the way for California’s hydrogen (H2) economy by developing a total cost of ownership (TCO) modelling platform for necessary infrastructure with the California Fuel Cell Partnership (CaFCP).
Under the collaboration, the parties will provide economic modelling tools to enable the assessment of TCO of future fuel cell trucks and H2 stations necessary to support commercial operation.
The model seeks to provide a building block for assessing the economic viability of future vehicles featuring new powertrain technologies including H2 fuel cells, natural gas, battery electric, and hybrid by calculating key economic metrics such as total cost of ownership, payback period and internal rate of return.
It will feature a detailed build-up of capital expenditures and operating costs incurred over the ownership period of the vehicle, and include benchmarked vehicle prices, duty cycle based miles per gallon, itemised scheduled and unscheduled maintenance costs, future fuel prices and required infrastructure investment.
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