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GreenFuel Hydrogen

The cost stack

Conventional plant to GreenFuel, one step at a time.

Cost stack waterfall, conventional plant to GreenFuelStarting from a conventional cost of about ₹355 per kilogram, six modelled reductions — grid, battery, water, transport, demand risk and PEM efficiency — bring the landed cost to a modelled band of ₹180 to 220 per kilogram.₹0₹100₹200₹300₹280–355Conventionalindustry benchmark−₹60–80Griddependency−₹20–27Batterystorage−₹12–17Watertreatment−₹15–20Storage& transport−₹15–20Demandrisk−₹25–30PEMefficiency gain₹180–220GreenFuelmodelled, Year 3+Mid-points shown; final modelled ₹185 sits inside the ₹180–220 band · ₹/kg H₂

Integrated cost impact

Integrated cost impact by component
Cost componentIndustry standardGreenFuel modelModelled saving
Grid dependency40–60% grid electricity0–5%₹60–80/kg
Battery storage₹25–35/kg amortised₹5–8/kg₹20–27/kg
Water treatment₹15–20/kg₹2–3/kg₹12–17/kg
Storage & transport₹45–55/kg₹30–35/kg₹15–20/kg
Demand risk₹20–30/kg risk premium₹5–10/kg₹15–20/kg
PEM efficiency gainBaseline−15% total energy₹25–30/kg
Total cost advantage₹147–194/kg

Resulting production cost: ₹180–220/kg all-in from Year 3, against market pricing of ₹280–355/kg that we assume declines 10% a year through Year 5. The model's gross margin of 30–45% is sustained by cost leadership, not by price. All figures modelled.