Cheap Chinese hydrogen electrolyzers ‘are likely to become popular worldwide in 2025-30’: BNEF


Chinese chlorinators that are up to four times cheaper than their Western equivalents will become popular around the world in the second half of this decade, according to a new report from analyst BloombergNEF (BNEF).

“Chinese alkaline electrolysis systems typically cost 25% of the price of the same type of project in Western countries, thanks to cheap labor and upstream supply from the domestic market,” the study said. , based on a sector survey of 20 companies.

He put the price of a Chinese alkaline electrolysis system at around $343/kW, compared to $1,200/kW in the West.

So even adding shipping costs, Chinese systems can be delivered internationally at a much lower price than Western systems, the study points out.

BNEF says it expects Chinese chlorinators to account for less than 30% of sales in Europe and the United States by 2025.

But the report adds, “Chinese manufacturers have started their march to international markets… Chinese-made electrolysis products are expected to become popular around the world in the period 2025-30.”

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As Reload reported in Junethe electrolyser industry could repeat the same pattern seen in the solar sector in the mid to late 2000s, when Western dominance in photovoltaic panel manufacturing quickly disappeared with an influx of cheaper modules from China.

“There’s a good chance the same story or a similar story will play out in the hydrogen industry as what we’ve seen in solar,” said BloombergNEF energy specialist Xiaoting Wang. Reload in June.

The new BNEF study, to which Wang contributed, adds: “By 2025, economies of scale, technological improvement, vertical integration and declining manufacturer margins are expected to reduce costs by 30%. However, increases in labor costs and the price of raw materials such as metals could offset the factors mentioned above.

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