Executive summary: Green hydrogen production - Landscape, projects and costs

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Green hydrogen, produced via electrolysis by renewable electricity, is seen as a potential silver-bullet solution to many of the challenges faced by decarbonization. This report details the electrolyzer vendor landscape, policy environment, case studies, and project pipeline. It also details production costs for five different regions. Key takeaways from this report include: 1)Green hydrogen production can be competitive with fossil-fuel-based hydrogen by 2030. However, it remains unclear if renewable power prices will fall fast enough to produce competitive green hydrogen. 2)While cost-competitiveness might be out of reach in many scenarios by 2030, national targets and pilot projects will produce enough volume to realize substantial capex declines 3)From 2000 to the end of 2019, a total of 252MW of green hydrogen electrolyzers will have been deployed. By 2025, an additional 3,205MW of electrolyzers dedicated to green hydrogen production will be deployed globally a 1,272% increase

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    Executive summary - Wood Mackenzie Green Hydrogen.pdf

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