Cost of hydrogen production

Get insights into the levelised cost of hydrogen production by technology in Europe in 2023 and 2022.

This datastream provides data on the levelized cost of hydrogen per country split between CAPEX and OPEX for

  1. Steam Methane Reforming (SMR) 
  2. SMR with carbon capture
  3. Grid-connected electrolysis 
  4. Water electrolysis with a direct connection to a renewable energy source (renewable hydrogen)

Reference years are 2023 and 2022.

Notes

  • Countries that have introduced short-term measures to mitigate the impact of high electricity prices on industry may result in negative taxes. 
  • The various sources used for calculating the LCOH, include among others: 
    • European Network of Transmission System Operators for wholesale electricity costs in various EU Member States 
    • ENSPRESO model from the Joint Research Centre for solar PV, onshore and offshore wind capacity factors in EU Member States
    • IRENA’s Renewable power Generation Costs in 2023 - for CAPEX and O&M costs for solar PV, onshore and offshore wind in Europe
    • Clean Hydrogen JU Strategic Research and Innovation Agenda for electrolyser efficiency, stack durability, stack degradation and O&M costs
    • IEA Global Hydrogen Review and Bloomberg New Energy Finance hydrogen LCOH analysis for electrolysis CAPEX estimates
    • Eurostat statiscial data for 2023 covering electricity and natural gas costs (costs of energy as well as taxes and grid fees) for non-household consumer. 

Available Resources

Hydrogen production costs 2023.xlsx (216 KB - XLSX)
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Hydrogen production costs 2022.xlsx (195 KB - XLSX)
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