Renewable H₂ Break-even Prices
EUR/kg ranges for grid-connected, off-grid and low-carbon alternatives.
Grid-connected green hydrogen ranges wide (2.8–13.3 EUR/kg) — you can win or lose on power price alone. SMR + CCS anchors the cost floor at 1.3–3.9 EUR/kg.
Off-grid renewable projects need dedicated over-build and storage to hit the low end; grid-connected wins on utilisation but pays for it in electricity price.
A stable, competitive PPA at ≤ 40 EUR/MWh is the single most important variable for a bankable green-H₂ business case.
Any offtake priced above 6 EUR/kg needs a policy or premium buyer — otherwise the project is competing against SMR + CCS on cost alone.
| Category | Year | Min EUR/kg | Max EUR/kg |
|---|---|---|---|
| Grid-connected | 2024 | 2.8 | 13.3 |
| Off-grid | 2024 | 3.7 | 16.3 |
| SMR + CCS | 2024 | 1.3 | 3.9 |
| Fossil + CCS | 2024 | 1.3 | 4.8 |
EUR/kg ranges by production route and year.
Data © original publishers (EHO, IEA). Original analysis, verification, and column engineering © ReneEnergy. The original publishers have not reviewed or endorsed this dataset.