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Nel to slash cost of electrolysers by 75%, with green hydrogen at same price as fossil H2 by 2025

“By installing the first 500MW line, we will cut the cost approximately in half, and when we add additional lines and we optimise the design further and work on the technology, we should be able to cut the cost almost in half again,” he said. “And on that journey, we will see that green renewable hydrogen is going to outcompete the fossil solutions.” Løkke unveiled a new target for producing green hydrogen with a levelised cost of $1.50/kg by 2025, based on “a large-scale Nel [electr...
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