Description Scope : The master thesis will focus on techno-economic modelling of hybrid offshore wind-to-hydrogen value chains, specifically optimizing the dimensioning and operational strategy of hybrid energy production, conversion and transport infrastructures, deploying both high-voltage electricity and hydrogen transmission infrastructure to shore. Focus of the optimization, in terms of: Dimensioning of (a subset of) key assets, influencing total infrastructure investment and setting technical limits for energy production, conversion and transport. Operational strategies, interplay between hydrogen and electricity markets, including coupling with DNV's Power Price Forecast (PPF) to enable cost-optimal operational strategies and the impact of these operational decisions on the Levelized Cost of Electricity (LCOE), Levelized Cost of Hydrogen (LCOH), infrastructure utilization and the Net Present Value (NPV) of the overall value chains. Responsibilities DNV is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without regard to gender, religion, race, national or ethnic origin, cultural background, social group, disability, sexual orientation, gender identity, marital status, age or political opinion. Diversity is fundamental to our culture and we invite you to be part of this diversity. Qualifications Scope limitations: To make sure the overall project is manageable, some activities will be considered out-of-scope or assumed to be provided by DNV, to ensure that a workable prototype is established early in the project, allowing for model elaboration or formulation of additional research questions if time permits. Initially only configurations 1 and 2 ( see Annex 1 ) are investigated. Dimensioning of wind farms, wind turbines and wind farm layouts, as well as conducting energy yield assessments is considered out-of-scope. A relevant case study will be provided by DNV. Gathering of techno-economic input variables (e.g. assumptions regarding unit CAPEX cost, OPEX cost and performance of production, conversion and transport infrastructure) is considered out-of-scope. Relevant input variables will be provided by DNV. Power price forecasting is considered out-of-scope. The DNV PPF for the relevant European bidding zones will be provided by DNV. Output : The main deliverable is a techno-economic optimisation model (‘the model’) that integrates Power Price Forecasts to optimize the financial performance (NPV) of hybrid offshore wind-to-hydrogen systems. The model should be applicable for DNV's client services, allowing for scenario analysis and operational strategy recommendations. Furthermore, a report featuring a summary of results of applying the model to a real-life case study is expected.