In this paper the thermodynamic potentialities and limits of the H-2/O-2 turbine cycles (afterward named only H-2/O-2 cycles) are investigated. Starting from the conventional gas turbine and steam turbine technology, the paper qualitatively tackles problems related to a change of oxidizer and fuel: from these considerations, an internal combustion steam cycle is analyzed where steam, injected into the combustion chamber together with oxygen and hydrogen, is produced in a regenerative way and plays the important role of inert. A proper parametric analysis is then performed in order to evaluate the influence of the main working parameters on the overall performance of H-2/O-2 cycles. All the results are carried out by neglecting the energy re...