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
4 July 2025
Race is on to meet end-2027 deadline for 45V as Congress passes One Big Beautiful Bill Act
1 July 2025
Gas industry and EU politicians pile pressure on European Commission to provide more regulatory certainty on emissions calculations
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
