H2Hub Global Hydrogen Benchmark V1

    We modelled 12 real hydrogen projects and published every comparison.

    One method, independent site data at each coordinate, and no access to each project's own answer. This report shows what matched the published evidence, what didn't, and where no reference figure exists.

    This benchmark cohort is a separate scope from the flagship reference layer and the wider project register. Published comparisons are not third-party certification of H2Hub or of these projects.

    Preliminary model result. Results are estimates derived from your inputs, stated assumptions and third-party data. Actual project economics may differ materially. This is project-economics analysis, not personalised investment advice or a lender term sheet.

    1. Summary of results

    12

    Real projects modelled

    10

    Countries with independent site data

    30

    Comparable parameters scored

    24

    Directly published reference figures

    What the comparison showed

    A parameter is only scored where a published reference figure exists and covers the same scope.

    16

    Within ±10%

    2

    Within ±20%

    12

    Beyond ±20%

    54

    No reference figure

    H2Hub does not publish a single accuracy percentage. At this sample size no statistically defensible methodology supports one, and a headline number would hide which parameters carry evidence and which do not.

    2. Project-by-project comparison

    Cost plausibility, project by project

    No scope-aligned project LCOH reference is available in this benchmark, so each modelled result is banded against the cost range public institutions (IEA, IRENA) publish for that power configuration. 12 of 12 modelled projects fall inside the published cost range for their power configuration; the cohort spans 3.33–9.25 USD/kg. This is a consistency check against institutional modelling, not measured project costs.

    NEOM Green Hydrogen CompanySaudi Arabia · ammonia5.65 USD/kg · range 4.00–17.60
    Inside published range
    Hunter Valley Hydrogen Hub / OricaAustralia · ammonia3.50 USD/kg · range 3.02–14.36
    Inside published range
    Iverson eFuelsNorway · ammonia3.50 USD/kg · range 3.02–14.36
    Inside published range
    Stegra (formerly H2 Green Steel)Sweden · steel3.50 USD/kg · range 3.02–14.36
    Inside published range
    Hyphen Hydrogen EnergyNamibia · ammonia7.73 USD/kg · range 4.00–17.60
    Inside published range
    Yuri Renewable Hydrogen (Phase 0)Australia · ammonia8.87 USD/kg · range 4.00–17.60
    Inside published range
    HIF Haru Oni eFuels demonstrationChile · efuels4.14 USD/kg · range 4.00–17.60
    Inside published range
    Sinopec Kuqa green hydrogen projectChina · hydrogen3.33 USD/kg · range 3.02–14.36
    Inside published range
    Holland Hydrogen INetherlands · hydrogen5.20 USD/kg · range 3.02–14.36
    Inside published range
    ACES DeltaUnited States · hydrogen4.63 USD/kg · range 3.02–14.36
    Inside published range
    ACME Duqm green ammoniaOman · ammonia9.25 USD/kg · range 4.00–17.60
    Inside published range
    FlagshipONESweden · methanol3.50 USD/kg · range 3.02–14.36
    Inside published range

    3. Where H2Hub missed, and why

    NEOM Green Hydrogen Company · Annual hydrogen production (design basis)

    Published 219000 t/year · H2Hub 70413.46 t/year · -68%

    H2Hub value from independent resource data, dispatch and the production efficiency basis.

    NEOM Green Hydrogen Company · Load factor

    Published 68.18181818181817 % · H2Hub 22.6 % · -67%

    Off-grid configuration: load factor comes from the hourly dispatch of the co-located fleet at these coordinates (22.6%).

    Hunter Valley Hydrogen Hub / Orica · Annual hydrogen production (design basis)

    Published 4700 t/year · H2Hub 6566.02 t/year · +40%

    H2Hub value from independent resource data, dispatch and the production efficiency basis.

    Hunter Valley Hydrogen Hub / Orica · Load factor

    Published 59.018264840182646 % · H2Hub 85 % · +44%

    Grid or PPA supplied: utilisation is set by contracted power availability, modelled at the H2Hub default 85% (continuous supply less planned and forced outages), not by the local renewable profile.

    Yuri Renewable Hydrogen (Phase 0) · Annual hydrogen production (design basis)

    Published 640 t/year · H2Hub 344.52 t/year · -46%

    H2Hub value from independent resource data, dispatch and the production efficiency basis.

    Yuri Renewable Hydrogen (Phase 0) · Load factor

    Published 40.182648401826484 % · H2Hub 22.3 % · -45%

    Off-grid configuration: load factor comes from the hourly dispatch of the co-located fleet at these coordinates (22.3%).

    HIF Haru Oni eFuels demonstration · Renewable capacity

    Published 3.4 MW · H2Hub 2.16 MW · -36%

    H2Hub reconstructed fleet at 1.8× the stack for this power supply mode.

    Sinopec Kuqa green hydrogen project · Annual hydrogen production (design basis)

    Published 20000 t/year · H2Hub 34143.29 t/year · +71%

    H2Hub value from independent resource data, dispatch and the production efficiency basis.

    Sinopec Kuqa green hydrogen project · Load factor

    Published 48.296452406041446 % · H2Hub 85 % · +76%

    Grid or PPA supplied: utilisation is set by contracted power availability, modelled at the H2Hub default 85% (continuous supply less planned and forced outages), not by the local renewable profile.

    Sinopec Kuqa green hydrogen project · Renewable capacity

    Published 300 MW · H2Hub 0 MW · -100%

    Grid or PPA supplied configuration: H2Hub models no co-located fleet.

    Holland Hydrogen I · Load factor

    Published 68.75 % · H2Hub 85 % · +24%

    Grid or PPA supplied: utilisation is set by contracted power availability, modelled at the H2Hub default 85% (continuous supply less planned and forced outages), not by the local renewable profile.

    ACES Delta · Annual hydrogen production (design basis)

    Published 36500 t/year · H2Hub 28890.48 t/year · -21%

    H2Hub value from independent resource data, dispatch and the production efficiency basis.

    4. What the benchmark can and can't tell you

    What this report does not prove

    Consistency with published evidence is not accuracy, and it is not a prediction that any project will succeed. Published figures are themselves reported at different dates, scopes and confidence levels.

    Results are preliminary project-development analysis. They are not engineering sign-off, not a permitting or construction basis, and not investment advice.

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