This study was aimed to define a methodology based on existing literature and evaluatethe 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 of20 years, if an average electricity cost of 0.04 €/kWh could be achieved and if the operating hoursare maximized. Furthermore, if the initial capital costs can be reduced by 80%, in the case of directsubsidy, the LCOH could even fall to 6.7 €/kg.Keywords: hydrogen; hydrogen refueling station; level
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