H2 price impact from Changes to Base Conditions

Percent change in hydrogen price to achieve required return on equity as a result of changing variable value by 30%. The cost of power remains the single largest driver of hydrogen production economics

Baseline conditions: Grid electricity price - $50/MWh; Solar PPA price - $45/MWh; Wind PPA price - $38/MWh; Uninstalled electrolyzer CAPEX - $1300/kW; : Electrolyzer size – 235 MW; Interest rate – 7%; Required ROE – 13%; Storage CAPEX - $1600 / kg; Offtake profile – 8760 constant
Source: RMI Analysis
RMI