ALK electrolyzer price squeezed further in China, latest tender reveals
It is widely acknowledged that Chinese electrolyzer manufacturers sell products at world lowest price. In December 2023, eleven Chinese ALK electrolyzer manufacturers have been selected as winners in what is believed to be China’s largest ever public electrolyzer tender, with the auction holder, state-owned China Energy Engineering Group (also known as Energy China) publicly revealing the winning bid.
Peric Hydrogen, the largest Chinese electrolyzer producer in term of capacity and global presence, won part of this public tender. Peric’s bidding price in Energy China tender for a 1000Nm3/hr (5MW) ALK electrolyzer is Rmb7.898 million, or $219 per KW ($1=Rmb7.2). The bidding price included ALK electrolyzer and BOP. This price is breath-taking as it only represents about one-third of which provided by western peers.
What’s the price trend in 2024. According to local industry reports, there are four major public tenders for ALK electrolyzer held in 1H2024, totally 524MW. Peric Hydrogen won one of them- 60MW Green Hydrogen Project in Ejin Horo Banner, Inner Mongolia. The bidding result announced on June 17, reveals that the price was pressed even lower compared with last year.