The International Energy Agency (IEA) has warned low electrolyser factory utilisation could derail the hydrogen industry’s push for cost reductions.
Underutilised factory capacity could drive up electrolyser manufacturing costs by up to four times, according to the IEA’s Global Hydrogen Review 2024.
It comes as electrolyser manufacturers look to achieve economies of scale, but utilisation of the equipment remains low as project developers face struggles in getting projects off the ground.
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