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The high capital expenditures of equipment are a major barrier to creating cost-competitive green hydrogen by electrolysis. Because of economies of scale, large-scale export initiatives have the potential to improve cost competitiveness.

BHP’s manager for energy, carbon, and technology research, Lee Levkowitz, claimed at the Hydrogen and Mines virtual summit that green hydrogen would be unlikely to achieve competitive pricing during the 2020 decade, or even the first half of 2030.