Chile currently has the lowest production costs of green hydrogen worldwide. As of 2020, the country's current renewables infrastructure allowed for green hydrogen generation ranging between 3.5 and 3.75 euros per kilogram. Over the next three decades, the number of countries that will be able to produce renewables-derived hydrogen for just one euro per kilogram is expected to increase significantly. The market for green hydrogen is still in its infant stage. Despite already having spawned interest by policy-makers and industry experts across the world for its potential of decarbonizing multiple emission-intensive sectors, less than one percent of current global hydrogen production is created through renewable electrolysis.
Production costs of green hydrogen worldwide by select country in 2020, with a forecast until 2050
(in euros per kilogram)
Characteristic
2020 min
2020 max
2030 min
2030 max
2050 min
2050 max
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The source adds the following information on methodology: "Based on analysis of various renewable energy sources and electricity generation/hydrogen equipment cost reductions worldwide."
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PwC. (March 1, 2021). Production costs of green hydrogen worldwide by select country in 2020, with a forecast until 2050 (in euros per kilogram) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1086695/green-hydrogen-cost-development-by-country/
PwC. "Production costs of green hydrogen worldwide by select country in 2020, with a forecast until 2050 (in euros per kilogram)." Chart. March 1, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1086695/green-hydrogen-cost-development-by-country/
PwC. (2021). Production costs of green hydrogen worldwide by select country in 2020, with a forecast until 2050 (in euros per kilogram). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1086695/green-hydrogen-cost-development-by-country/
PwC. "Production Costs of Green Hydrogen Worldwide by Select Country in 2020, with a Forecast until 2050 (in Euros per Kilogram)." Statista, Statista Inc., 1 Mar 2021, https://www.statista.com/statistics/1086695/green-hydrogen-cost-development-by-country/
PwC, Production costs of green hydrogen worldwide by select country in 2020, with a forecast until 2050 (in euros per kilogram) Statista, https://www.statista.com/statistics/1086695/green-hydrogen-cost-development-by-country/ (last visited August 24, 2024)
Production costs of green hydrogen worldwide by select country in 2020, with a forecast until 2050 (in euros per kilogram) [Graph], PwC, March 1, 2021. [Online]. Available: https://www.statista.com/statistics/1086695/green-hydrogen-cost-development-by-country/
