The assumption of $1000/kW for electrolyzers is the killer here. China is reported to be under $300/kW for these, btw.
How much do you think electrolyzers will cost by the time they are actually needed for the last few percent of the grid? They are the kind of thing (like batteries and PV) that can be expected to have aggressive experience curves.
https://klima-fakten.net/?p=10317&lang=en
How much do you think electrolyzers will cost by the time they are actually needed for the last few percent of the grid? They are the kind of thing (like batteries and PV) that can be expected to have aggressive experience curves.