Production costs of renewable hydrogen are forecast to decrease over the years. In 2020, renewable hydrogen costs amounted to six U.S. dollars per kilogram in the average scenario, and 5.4 U.S. dollars per kilogram in an optimal scenario. Figures are expected to decrease to 2.3 and 1.4 U.S. dollars per kilogram of hydrogen by 2030, respectively. In the average scenario, wind energy - generally offshore power - is used to produce hydrogen, while the optimal scenario assumes a combination of wind and solar energies.
Forecast breakdown of renewable hydrogen production costs worldwide from 2020 to 2030, by scenario*
(in U.S. dollars per kilogram)
* Includes learning rate CAPEX and impact of larger electrolyser size class (between 2 megawatts and 80 megawatts). Average region projects rely on offshore, wind-based electrolysis for hydrogen production, while optimal region projects combine wind and solar photovoltaic for hydrogen production.
** Earlier forecast based on 2020 Hydrogen Cost Roadmap Report.
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Hydrogen Council. (February 1, 2021). Forecast breakdown of renewable hydrogen production costs worldwide from 2020 to 2030, by scenario* (in U.S. dollars per kilogram) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1220812/global-hydrogen-production-cost-forecast-by-scenario/
Hydrogen Council. "Forecast breakdown of renewable hydrogen production costs worldwide from 2020 to 2030, by scenario* (in U.S. dollars per kilogram) ." Chart. February 1, 2021. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1220812/global-hydrogen-production-cost-forecast-by-scenario/
Hydrogen Council. (2021). Forecast breakdown of renewable hydrogen production costs worldwide from 2020 to 2030, by scenario* (in U.S. dollars per kilogram) . Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1220812/global-hydrogen-production-cost-forecast-by-scenario/
Hydrogen Council. "Forecast Breakdown of Renewable Hydrogen Production Costs Worldwide from 2020 to 2030, by Scenario* (in U.S. Dollars per Kilogram) ." Statista, Statista Inc., 1 Feb 2021, https://www.statista.com/statistics/1220812/global-hydrogen-production-cost-forecast-by-scenario/
Hydrogen Council, Forecast breakdown of renewable hydrogen production costs worldwide from 2020 to 2030, by scenario* (in U.S. dollars per kilogram) Statista, https://www.statista.com/statistics/1220812/global-hydrogen-production-cost-forecast-by-scenario/ (last visited December 03, 2024)
Forecast breakdown of renewable hydrogen production costs worldwide from 2020 to 2030, by scenario* (in U.S. dollars per kilogram) [Graph], Hydrogen Council, February 1, 2021. [Online]. Available: https://www.statista.com/statistics/1220812/global-hydrogen-production-cost-forecast-by-scenario/
