9.3 Green Hydrogen

The cost of producing hydrogen from zero-emissions sources drops to $2 per kg by 2030, $1 per kg by 2040.

2023
$4-12 per kg
green H2 fuel, no production at scale
2030
$2 per kg
green H2 fuel
2040
$1 per kg
green H2 fuel

How Is KR 9.3 Tracking?

Green hydrogen is a zero-emissions fuel made from water with solar or wind power. Though it has yet to be produced at scale, it holds tremendous promise for decarbonizing energy-intensive industries.

Innovations are needed to make hydrogen competitive with fossil fuels in industries that need extreme heat: steel, cement, and chemicals.

Our Green Hydrogen KR speeds us toward broad adoption. Hitting the interim target of $2 per kilogram demands more clean energy along with greater efficiency in the conversion process.

Failing

$4-$12 per kg, not currently produced at scale

Source: BloombergNEF, 2024

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