Green hydrogen production costs could fall below $2 per kilogram in many locations in the next five years. This zero-carbon fuel will be critical to decarbonizing some of the hardest-to-abate sectors, such as shipping and steelmaking. Achieving the crucial $2/kg target for cost-competitiveness will enable decarbonization of multiple sectors and play an important role in aligning the globe to a pathway that limits warming to 1.5°C.
RMI’s report, Fueling the Transition: Accelerating Cost-Competitive Green Hydrogen, analyzes the cost reduction opportunity and the critical enabling tools required to bring cost-competitive green hydrogen to market this decade. This report is intended for industry executives, regulators, and policymakers.