Levelised cost of green hydrogen modelling, 2025 to 2050

The data represents the cost of producing green hydrogen under varying assumptions. It is not a forecast and does not provide a single view or a specific value for green hydrogen production costs. Instead, it takes as input the capex and opex assumptions presented in the first dataset and then computes the levelized cost of green hydrogen for a wide range of input parameters including the cost of financing (6-15% discount rates), the electrolyser capacity factor (5% - 95%), and the cost of electricity (£0-£150/MWh). All calculations assume a plant lifetime of 25 years and plant construction time of 1 year.

Data Explorer

Data Explorer

Table Information

Tech

Title Tech
Type string
Description Electrolyser technology, either PEM or Alkaline
Comment
Example
Unit N/A

Scenario

Title Scenario
Type string
Description Electrolyser capex scenario - Central, High, or Low scenario for capital cost projection
Comment
Example
Unit N/A

Build Year

Title Build Year
Type year
Description Construction year of the electrolyser plant
Comment
Example
Unit N/A

Capacity Factor

Title Capacity Factor
Type number
Description Electrolyser capacity factor
Comment
Example
Unit %

Electricity Price

Title Electricity Price
Type number
Description Electricity price faced by electrolyser
Comment
Example
Unit £/MWh

Discount Factor

Title Discount Factor
Type number
Description The discount factor or hurdle rate representing the cost of financing.
Comment
Example
Unit %

Units

Title Units
Type string
Description LCOH units of hydrogen produced - either £/kg or £/MWh H2 HHV (higher heating value)
Comment
Example
Unit N/A

LCOH

Title LCOH
Type number
Description The total discounted lifetime cost of building and operating an electrolysis plant, expressed as a cost per unit of hydrogen produced (£/MWh H2 HHV or £/kg)
Comment
Example
Unit £/MWh H2 HHV or £/kg

LCOH Capex

Title LCOH Capex
Type number
Description Capex component of the LCOH
Comment
Example
Unit £/MWh H2 HHV or £/kg

LCOH Electricity Cost

Title LCOH Electricity Cost
Type number
Description Cost of electricity component of the LCOH
Comment
Example
Unit £/MWh H2 HHV or £/kg

LCOH Fixed Opex

Title LCOH Fixed Opex
Type number
Description Fixed opex component of LCOH
Comment
Example
Unit £/MWh H2 HHV or £/kg

LCOH Variable Opex

Title LCOH Variable Opex
Type number
Description Variable opex component of LCOH
Comment
Example
Unit £/MWh H2 HHV or £/kg