Its official
The current DOE achievement cost for a water electrolyzer is $987/Kw
See
http://www.hydrogen.energy.gov/pdfs/review08/pdp_5_hamden.pdf
ITMs latest published cost
with two platinum catalyst was $283/Kw
with one platinum catalyst was $164/Kw
with no platinum catalyst was no figure given but was "under $164/Kw"
I hope someone in ITM have been in touch with the US DOE to tell them not to waste any more money on projects to reduce the cost of electrolyzers
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