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Hydrogen, regarded as one of the critical energies for decarbonizing heavy road transport and the steel industry, faces a new hurdle. The cost of its quintessential production tool, the electrolyzer, is rising steeply instead of reaching affordability. That\u2019s not according to plan.A recent report by Bloomberg New Energy Finance (BNEF), the 2024 Electrolyser Price Survey, highlights how rising costs for materials, utilities, and labor in Europe or the United States have become a significant challenge for the hydrogen industry. The cost of installing electrolyzers has risen by more than half. This could hamper the rollout of a hydrogen refilling network.This…<\/p>\n","category_list_v2":"China<\/a>, Energy<\/a>, Hydrogen<\/a>, Industry<\/a>, Top Stories Today<\/a>","author_info_v2":{"name":"Piet Andries","url":"https:\/\/newmobility.news\/en\/author\/piet-andriesgmail-com\/"},"comments_num_v2":"0 comments","yoast_head":"\nBlow for hydrogen growth: cost of electrolyzers soars - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2024\/03\/08\/blow-for-hydrogen-growth-cost-of-electrolyzers-soars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blow for hydrogen growth: cost of electrolyzers soars - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"Hydrogen, regarded as one of the critical energies for decarbonizing heavy road transport and the steel industry, faces a new hurdle. The cost of its quintessential production tool, the electrolyzer, is rising steeply instead of reaching affordability. 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