Chapter 10 - Economic Considerations for Hydrogen Production with a Focus on Polymer Electrolyte Membrane Electrolysis

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This Chapter provides an overview of key economic considerations for hydrogen produced from water electrolysis, with the analyses presented here ranging from high-level summaries to detailed considerations of key market and technological drivers. As the electric power sector evolves to account for increasing shares of renewable energy, opportunities are emerging for technologies capable of storing renewable energy in various forms, including as hydrogen. Opportunities for reducing the cost of hydrogen produced from electrolysis include ensuring access to low-cost wholesale electricity, reducing the capital cost of electrolyzers, and development of systems capable of being dispatchable loads without experiencing significant efficiency penalties throughout lifetime. Our analysis indicates that numerous pathways exist for making hydrogen from electrolysis cost-competitive with hydrogen produced from conventional technologies, and significant opportunities exist for research and development to address performance targets for the future electrolysis systems envisioned here.

Original languageAmerican English
Title of host publicationElectrochemical Power Sources
Subtitle of host publicationFundamentals, Systems, and Applications Hydrogen Production by Water Electrolysis
EditorsT. Smolinka, J. Garche
Number of pages38
ISBN (Electronic)9780128194249
ISBN (Print)9780128194256
StatePublished - 2021

Bibliographical note

Publisher Copyright:
© 2022 Elsevier B.V. All rights reserved.

NREL Publication Number

  • NREL/CH-6A20-78926


  • Electricity prices
  • Green hydrogen
  • Hydrogen economics
  • Hydrogen levelized cost
  • Hydrogen markets
  • Technoeconomic analysis
  • Water electrolysis


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