'None of the Spanish winners of the pilot European Hydrogen Bank auction will produce H2 for less than $5/kg': Rystad | Hydrogen Insight

Spanish Hydrogen Producers Face High Costs in European Hydrogen Bank Auction

Key Points:
- None of the Spanish winners in the European Hydrogen Bank auction will produce green hydrogen for less than $5/kg.
- High production costs continue to challenge the competitiveness of green hydrogen in Spain.
- Despite this, Spain remains committed to advancing its hydrogen industry and infrastructure.
- Reducing production costs through innovation and economies of scale is critical for long-term success.