BloombergNEF said that green hydrogen will fall from its current price range of $3.74/kg to $11.70/kg to between $1.60/kg and $5.09/kg by 2050, citing higher-than-expected future costs for electrolyzers. “BNEF had in the past forecast steep declines in the price of green hydrogen, but … more than tripled its 2050 cost estimate, citing higher future costs for the electrolyzers,” it said in an emailed note. Green hydrogen will remain far more expensive than earlier projections for decades, it added, predicting that only China and India are likely to see green hydrogen become cost-competitive with gray hydrogen by 2040. “There, the cleaner fuel will reach a comparable price to gray hydrogen by 2040.”
