Global hydrogen flows: update November 2023

By 2050, several countries could be producing hydrogen at close to $1.50 per kg, with the lowest end of the production costs potentially being close to $1.20 per kg. Countries with limited low-cost clean energy potential would see domestically produced hydrogen being significantly more expensive, typically above $3.50 per kg. Some high-demand areas (as Japan, South Korea, and parts of Europe) will likely have limited excess power available for hydrogen production due to the requirement for broader decarbonization of the power system. Other regions will likely have excess production potential above local demand, such as South America and the Middle […]

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