Green hydrogen projects are suffering high CAPEX costs driving up green hydrogen prices. Of course, there is a permanent and evolutionary development on the electrolyser stack itself, however it reflects less than 15 % of the overall EPC cost of such a project.  There are other factors related to the value chain; project execution, product and interface definition, and contracting strategy, all of which influence the overall investment significantly.  

With our industry knowledge and technology experience, we are thinking creatively at ITM how best to leverage the synergies of the project partners to minimise cost, along with risk, for our customers.