Further cost optimisation can be achieved by combining solar PV and wind resources
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
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