Bar chart showing Chinese electrolyzer prices near BNEF’s 2030 forecast: Benchmark price in 2023 around $200, BNEF’s 2024 forecast for 2025 about $170, and BNEF’s 2024 forecast for 2030 about $120, with dashed lines indicating Sungrow’s and Longi’s 2026 prices. Source: BloombergNEF.

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