The Hydrogen Stream: Pilot project in Iceland shows geothermal-driven H2 could achieve LCOH of $1.75/kg

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A pilot hydrogen production project in Iceland demonstrates that geothermal-driven hydrogen could achieve a levelized cost of hydrogen (LCOH) as low as $1.75/kg. The project uses Syntholene’s geothermal-integrated SOEC platform, aiming to validate commercial viability by tackling electricity costs, electrolyzer durability, and capital expenses.

Syntholene’s geothermal-integrated SOEC hydrogen platform could produce hydrogen at an estimated $1.75–$2.10/kg, about one-third the cost of comparable unsubsidized green hydrogen in Europe. Its Iceland demonstration facility aims to validate low-emission hydrogen production and support future commercial-scale deployment, while addressing risks such as electricity costs, electrolyzer durability, and capital expenses. The post The Hydrogen Stream: Pilot project in Iceland shows geothermal-driven H2 could achieve LCOH of $1.75/kg appeared first on pv magazine Global.