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Observing the renewable energy transition from a European perspective

Nel Pushes for Hydrogen Price of $1.5/kg by 2025

Nel Hydrogen of Norway predicts that by 2025, large-scale Nel electrolyzers in the multi-GW range will be able to produce hydrogen from electricity at a price of $1.5/kg, reaching fossil parity.

Nel is currently setting up a fully automated manufacturing facility at Herøya, at its Norwegian home base, that should produce 500 MW/year as of Q2-2021. The potential is up to 2 GW/year. Scale is the most important driver behind the expected spectacular price decay. Nel thinks it will be able to bring filling stations to market with a capacity of fueling heavy-duty trucks within 10-15 minutes, enabling a range of 1,000 km.

#DeathOfBigOil

[prnewswire.co.uk] – Nel launches $1.5/kg target for renewable hydrogen
[wikipedia.org] – Nel ASA

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