Three Factors Are Driving The Rapid Decline of Global Green Hydrogen Costs

 

 

 

Green hydrogen energy as an important part of the "carbon neutral" strategy, is favored by major countries and regions around the world. However, the current cost of it is high, and the government and the public are working hard to find room for cost reduction. 

 

In this report, we lists three factors that drives the decline of the green hydrogen costs, and based on our cost model the global green hydrogen is expected to reach price parity with grey hydrogen in 2030.

 

Chart 1 Global Renewable Energy LCOE(USD/kwh) 

 

Figure3 Cost Comparison of Green Hydrogen and Grey Hydrogen (USK/KG)

 

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