Even with rising global green hydrogen production costs, Brazil remains among the most competitive countries in the world in this emerging market.
According to the LCOX Brazil Index, calculated by CELA (Clean Energy Latin America), the national average cost to produce green hydrogen varies between US$2,94 and US$7,38 per kilogram, depending on local conditions and the electricity matrix used.
The survey shows that, while the global cost of producing green hydrogen rose by around 11% last year, and that of green ammonia increased by 40%, Brazil managed to maintain its comparative advantage thanks to the ample supply and low cost of renewable energy, but also to the technological maturity of the projects under development.
In the Brazilian context, part of this increase is due to renewable generation cuts (curtailment), which impacted revenues and increased the levelized cost.
According to CELA, the index is an important step towards providing transparency and predictability to the market.
The study also mapped 113 green hydrogen and derivative projects — such as ammonia, e-methanol, and green steel — underway in 16 Brazilian states, totaling R$469,2 billion in planned investments.
These projects are expected to require 90 gigawatts of new installed capacity from renewable sources, reinforcing the synergy between technological advancement and the country's energy potential.
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Of the total projects identified, 66% are already at commercial scale, 20% are in the pilot phase, and 13% are in research and development (R&D). The majority (53%) target the domestic market, especially in the steel, fertilizer, and heavy-duty transportation sectors, while the remainder are targeted for export.
CELA also launched the CELA Research H2V Module, a platform that brings together technical data, interactive maps, and a calculator for compliance with European Union certification criteria.
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