Green hydrogen ‘competitive with grey’ in EU
Cost of green hydrogen production will continue to fall as renewable energy and electrolyser costs come down, says Hydrogen Europe report
Green hydrogen costs could be as low as €2.9/kg ($2.9/kg) in the EU and €2.2/kg in countries with good wind conditions in northern Europe, according to the Clean Hydrogen Monitor report from industry body Hydrogen Europe. This is a significantly lower price than other recent estimates, which rarely go below €4/kg. The report’s analysis is based on the levelised cost of electricity from the cheapest renewable sources in particular EU countries, assuming they are directly connected to an electrolyser. According to the report, Spain is able to achieve its lowest-cost green hydrogen production using solar, and Norway using wind. These figures could even over-estimate the cost, the report says, a
Also in this section
28 March 2024
Investment landscape is firming up in North African country with potential to become one of the world’s major exporters
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome