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China Leading Race to Make Technology Vital for Green Hydrogen

  • Nation can make electrolyzers at third of cost in US, Europe
  • Electrolyzer prices could fall 30% by 2025, BloombergNEF says

Chinese factories can produce electrolyzers at a fraction of the cost of US and European competitors, giving them an edge in the race to manufacture the key technology for unlocking green hydrogen.

A Chinese alkaline electrolysis system costs about $343 per kilowatt, compared with $1,200 per kilowatt in the West, BloombergNEF said in a report. Electrolyzers run an electric current through water, separating it into oxygen and hydrogen. When powered by renewable energy, they can produce hydrogen gas to fuel everything from cars to steel mills without any carbon emissions.