Global AveragesGlobal Averages

    Global Average Green Hydrogen Cost

    Last updated: March 8, 2026

    $5.00/kg

    USD/kg

    The global average green hydrogen production cost is approximately $5.00 per kg, compared to $1-2/kg for grey hydrogen from natural gas. Costs need to reach $2/kg to be competitive. Saudi Arabia, Chile, and Australia have the best conditions for cheap green hydrogen.

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    Why This Average Exists

    Green hydrogen is seen as critical for decarbonizing steel, shipping, aviation, and heavy industry — sectors that account for ~30% of global emissions.

    Factors That Affect Global Average Green Hydrogen Cost

    • Renewable electricity cost
    • Electrolyzer efficiency
    • Scale of production
    • Water availability
    • Government subsidies
    • Technology learning curve

    Frequently Asked Questions

    Methodology & Data Sources

    The data presented on this page is compiled from publicly available datasets published by international organizations including the World Bank, World Health Organization (WHO), International Labour Organization (ILO), United Nations, NASA, and national statistical agencies.

    Global averages are calculated using population-weighted or arithmetic means depending on the metric. Country-level data reflects the most recent available figures, typically from 2023–2024. Where gaps exist, the latest available data point is used.

    All figures are subject to revision as source organizations update their datasets. For the most authoritative data, we encourage consulting the original sources linked in the table above.

    Further Reading