20
Jul
Electrolyzers split water into hydrogen and oxygen using electricity. Their economics determine whether clean hydrogen can compete with fossil-based alternatives across industry, transport, and power storage. Historically, high capital cost and modest efficiency limited deployment. Over the past decade, *materials science* has become the main lever for change, reshaping catalysts, membranes, electrodes, and structural components. The result is a steady drop in system cost per kilowatt and a rise in efficiency and lifetime.Key factors shaping the overall cost of electrolyzersThe cost of an electrolyzer is not driven by any single component, so progress emerges from a range of material enhancements…