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Green Hydrogen Costs of Production to Drop to US$2.5/kg by 2030, and US$1.80 by 2040, Clearing the Way for Heavy Industry Decarbonization

LONDON, Dec. 4, 2024 /PRNewswire/ -- Green hydrogen is emerging as an essential commodity for decarbonizing hard-to-abate industries. Yet, despite its clear sustainability benefits, the high production cost—known as the Levelized Cost of Hydrogen (LCOH)—has, to date, limited both investment in and demand for green hydrogen. However, ABI Research, a global technology intelligence firm, predicts that global LCOHs will reach a cost-competitive level by 2030 and undercut polluting alternatives by 2040, paving the way for industrial adoption.

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