The US targets $1/kg green hydrogen by 2030
Green hydrogen could fall under $2/kg by 2025 – RMI
Cost of fuel will drop as electrolyser manufacturing is standardised and gains economies of scale
Low-cost green hydrogen can be achieved faster and with lower deployment volumes than currently expected, according to thinktank the Rocky Mountain Institute (RMI). Green hydrogen production costs could fall below $2/kg in many areas in the next five years, RMI says in a new report, Fuelling the Transition: Accelerating Cost-Competitive Green Hydrogen. For offtakers which can accept a fluctuating hydrogen supply, an estimated $1/kg could be achieved due to reduced storage requirements, the report says. The Biden administration set a goal to produce hydrogen at $1/kg by 2030 as part of its Hydrogen Shot Initiative. “Green hydrogen is not a future aspiration. The technology and markets are rea
Also in this section
31 March 2025
Saudi Aramco’s blue hydrogen progress is a clear reminder that energy companies pivoting in search of greater returns may not be throwing the H₂ baby out with the bathwater
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
27 March 2025
Region has all the ingredients to become a green hydrogen powerhouse but faces plenty of barriers and stiff competition
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
