Capex and opex input assumptions for PEM and Alkaline electrolyser systems

This data is based on analysis conducted by the Strategic Futures team. The benchmark capex figures are presented for 3 scenarios for proton-exchange membrane (PEM) and Alkaline electrolysis. These are derived from a combination of NESO's own analysis, and aggregation of available public and third party data (see list of sources below).

Sources:

  • Bloomberg NEF
  • Wood Mackenzie
  • Aurora Energy Research
  • IEA (2024), Global Hydrogen Review 2024, International Energy Agency
  • Danish Energy Agency (2024), Renewable Fuels - Technology Data, Danish Energy Agency
  • TNO (2024), Evaluation of the levelised cost of hydrogen based on proposed electrolyser projects in the Netherlands, TNO Public

Data Explorer

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Table Information

Tech

Title Tech
Type string
Description Electrolyser technology, either PEM or Alkaline
Comment
Example
Unit N/A

Scenario

Title Scenario
Type string
Description Electrolyser capex scenario - Central, High, or Low scenario for capital cost projection
Comment
Example
Unit N/A

Build Year

Title Build Year
Type integer
Description Construction year of the electrolyser plant
Comment
Example
Unit N/A

Capex (£/kWe)

Title Capex (£/kWe)
Type number
Description Capex representing the total installed capital costs of the electrolyser system in £/kW input electricity
Comment
Example
Unit £/kWe

Efficiency

Title Efficiency
Type number
Description Efficiency of the electrolyser system representing the output kWh hydrogen yield per kWh input electricity, presented as a %
Comment
Example
Unit %

Capex (£/kW H2 HHV)

Title Capex (£/kW H2 HHV)
Type number
Description Capex representing the total installed capital costs of the electrolyser system in £/kW hydrogen equivalent using the higher heating value (HHV)
Comment
Example
Unit £/kW H2 HHV

Fixed Opex % of capex

Title Fixed Opex % of capex
Type number
Description Annual fixed opex as a percentage of total capex
Comment
Example
Unit %

Fixed Opex

Title Fixed Opex
Type number
Description Annual fixed opex covering standard operating and maintenance costs
Comment
Example
Unit £/kW H2 HHV per year

Variable Opex

Title Variable Opex
Type number
Description Variable opex covering other opex including water costs and electrolyser stack replacement
Comment
Example
Unit £/kWh H2 HHV

Plant Lifetime

Title Plant Lifetime
Type number
Description The plant lifetime is assumed to be 25 years in all cases
Comment
Example
Unit N/A