The hydrogen industry is in a race to reduce fuel cell costs, with high hydrogen prices set to linger for the immediate future.
In 2010, a 120kW fuel cell stack had an average price of around $1m, but this had fallen to around $200,000 in 2022, and this is expected to fall to under $100,000 in the 2030s1.
In mobility, industry aims to deliver €100/kW by 2030 for a total cost of ownership (TCO) comparable with battery-electric and combustion technologies.
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