Cost of Green Hydrogen
How Iron Energy's technology make green hydrogen derivatives cost competitive
WHITE PAPER
Tired of high green hydrogen costs? Iron Energy is here to change the game! 🚀
Today, 88% of Europe's hydrogen production is for on-site captive consumption, with a staggering 90% coming from "dirty" steam methane reforming (SMR) at an average cost of 3.76 €/kg H2. The challenge? Green hydrogen from grid-connected electrolysis averages 7.94 €/kg H2, with 66% of that driven by wholesale electricity, grid fees, and taxes. [1]
Even with negative electricity prices in Europe and falling electrolyzer CAPEX, making on-site green hydrogen competitive has been a major hurdle. Until now. At Iron Energy, we've leveraged our innovative storage technology to unlock incredible cost reductions. Using an optimization software, our simulations show that deploying Iron Energy's storage can deliver up to a 50% cost reduction for green hydrogen production today!
Imagine the impact: cost-competitive green hydrogen, produced on-site, finally challenging the dominance of grey hydrogen. This is not just a technological breakthrough; it's a monumental step towards a sustainable industrial future.
Join us in revolutionizing the green hydrogen economy. Let's make green hydrogen truly accessible and affordable!
Sources:
1: Clean Hydrogen Europa - The European hydrogen market landscape 2024