electrolyzer costs

Solar pioneer Thierry Lepercq spoke with pv magazine about recent plans of the HyDeal consortium to deploy 95 GW of solar and 67 GW of hydrogen capacity in southern Europe by 2030. Record low green hydrogen prices are easily achievable as solar PV has already reached the required cost level and effects of scale in procurement and manufacturing of electrolyzer capacities will help reduce production costs, he says. Lepercq is also convinced that the consortium will begin selling solar-powered hydrogen at €1.5/kg when the initial supply to industrial customers begins in September 2022.

IHS Markit is predicting the world will add 30% more solar capacity this year.