Green hydrogen could already be competitive in some regions – Irena

Potential levelised cost of green hydrogen could be cheaper than blue based on recent renewables auction prices

Green hydrogen could already be competitive with blue hydrogen in specific markets even before significant cost reductions and performance improvements in electrolysers have materialised, according to a new study by the International Renewable Energy Agency (Irena). The potential levelised cost of hydrogen, assuming the low solar PV and onshore wind prices from the recent auctions in Saudi Arabia, could be as little as $1.62/kg. This compares favourably with the estimated cost of blue hydrogen at between $1.45/kg and $2.40/kg in the same region, according to analysis by Irena. $1.62/kg – Potential levelised cost of hydrogen As electrolyser cost starts to fall, green hydrogen produc