EU Hydrogen Strategy

The cost of green hydrogen is driven by four main factors, the cost of renewable electricity, the capacity factor at which plants run and the cost of electrolyzers. By 2030 there will be large parts of the world benefiting from power at $20 per megawatt hour from wind and solar,. around one third the cost of power from any other source. There's no reason to believe these sorts of costs will not be achieved in sunny and windy parts of Europe. Chinese manufacturers are already supplying equipment at $200 per kilowatt as revealed in Bloomberg NEF's 2019 Economics of Hydrogen Production from Renewable Power.