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" ... Investment in green hydrogen production is set to exceed $1billion a year by 2023 as the costs of both renewable power and electrolyser technology fall and governments introduce supportive policies, according to IHS Markit, which said before the announcement of the Green Hydrogen Catapult that there was already a pipeline of 23GW of electrolysis projects, up from current capacity of just 82MW. ... "
" ... Second, the economic case for green hydrogen is beginning to come together. Capital costs will come down with the massive scaling up of electrolyser capacity and the associated supply chain – much as we’ve seen in other zero-carbon technologies, like solar. Electricity costs need to come down, too – the electrolysis process is very energy-intensive. Feedstock costs are 60% to 80% of the all-in costs of production, almost all of it electricity. ... "
" ... This shows the speed of investment and interest flowing into the space. However, the electrolyser manufacturing capacity is still the major impediment at around 150 megawatts today. ... "