China’s electrolyzer manufacturing capacity is on track to reach 40 GW by 2028 reaching a market value exceeding USD 7.2 bn, Bloomberg reports, citing research by China International Capital Corporation. Green fuel production costs currently stand at some USD 3.00, almost triple the production costs of coal-sourced hydrogen but production costs are expected to achieve parity with fossil fuel-sourced hydrogen by the end of the decade. Global electrolyzer sales could triple in 2023 to 3.3 GW, with China projected to capture 1 GW of the shipments, according to a BloombergNEF report.

REMEMBER- Green hydrogen is gaining traction as fossil-fuel-based hydrogen prices surge by 70% on the back of soaring natural gas prices. Surging demand and accelerated generation of green hydrogen could see green hydrogen priced at under USD 2 per kilogram by 2030. From our neck of the woods, Egypt expects the cost of its green hydrogen production to be at USD 2.68 per kilogram in 2025.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • China Energy Engineering Group is planning to establish a 1 GW floating solar farm in Zimbabwe at a cost of USD 1 bn. (Reuters)
  • The African Development Bank is providing Ghana with a USD 28.5 mn grant to help deploy solar and battery energy storage facilities. (Statement)
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