Electrolyzer Cost

• $500-1000/kW [1]
• MIT CEEPR report 2023 - [2]. Has author emails.
• Cost of alkaline, PEM, and oxide Fuel to Gas - [3]. From Guntherglenk.com. Prediction is $1.6/kg by 2030. DOE target is $1/kg - [4]
  • 15% cost decrease for doubling of electrolyzer capacity

Electrolyzer System Cost

• System cost: [5], x axis is kW installed capacity:

• • 20 year lifetime of electrolyzer
  • 3.6 cent electricity cost for wholesale electricity.

Hydrogen Production Cost 2030

• Take a kg - which is a gallon gasoline equivalent.
• Hydrogen production cost involves 70-90% electricity cost. Result is the following cost per kg hydrogen [6], expected to be reached by 2030:

• Thus, look at 20 cent/kw PV panels. 30 year life. $200 cost for 65700 kWhrs. This is 0.3 cents/kWhr - 10x lower than the electricity cost of 3.6 cents/kWhr in the study.
• Thus, total Levelized Cost is (fixed + capacity) of 40 cents + 15 cents for variable costs (electricity) = 65 cents/kg - prediction for real cost by 2030.

2024 Cost

• learning curve from 2020 to 2030 is halving of system cost from $1/W to $0.5/W"

• This makes cost/kg double the 40 cent fixed cost - 80 cents - plus 15 cents for electricity or 95 cents per kg.