The €160/MWh Tipping Point: Why Green Hydrogen Projects Are Hitting the Pause Button

Global, Thursday, 21 November 2024.
Major companies are delaying green hydrogen projects as production costs remain prohibitively high. A single month of electricity costs exceeding €160/MWh can devastate project economics, as revealed by SCG’s recent pullback. While the EU targets 10 Mt of renewable hydrogen by 2030, current production sits at just 22 kt, highlighting the massive gap between ambition and reality in the emerging hydrogen economy.