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Electrolyzer efficiency: what the number means and how to compare it

2026.08.16

Two electrolyzers quoted at 75% and 64% can be the same machine. Efficiency figures move with the heating value basis, the measurement boundary, the current density and the age of the stack, and this is how to read one properly.

Electrolyzer efficiency: what the number means and how to compare it

Efficiency is the number every electrolyzer is sold on, and the number that is hardest to compare between suppliers. Not because anyone is being dishonest, but because a single percentage carries four hidden choices, and two suppliers can make those choices differently and both be correct.

Three constants sit behind every figure

Below 1.48 V a cell absorbs heat from its surroundings to keep the reaction going. Above it, the cell produces heat. That voltage is where the HHV basis comes from, and every efficiency percentage you will ever be quoted is a comparison against one of the first two numbers.

39.4 kWh/kgHigher heating value of hydrogen100% efficiency on an HHV basis
33.3 kWh/kgLower heating valueThe same hydrogen, counted without the heat of condensation
1.48 VThermoneutral cell voltageWhere electrical input alone covers the full enthalpy

Which heating value, and which unit

Because 39.4 divided by 33.3 is about 1.18, the same machine reads roughly 18% higher on an HHV basis than on an LHV basis. A system at 64% LHV is at about 76% HHV. Neither figure is wrong and both describe identical hardware.

UnitWhat it measuresDirection
kWh/kgElectricity consumed per kilogram of hydrogenLower is better
PercentageHeating value divided by energy consumedAgainst HHV 39.4 or LHV 33.3 kWh/kgHigher is better
kWh/Nm³Per normal cubic metre1 Nm³ is about 0.0899 kg, so multiply by 11.1 for kWh/kgLower is better

A percentage without its heating value basis is not a specification.

Where the number was measured

A cell figure is one MEA in a test fixture. There is no plumbing, no neighbouring cells and no shared electrolyte loop, so nothing drags it down. It is the highest number any supplier can show, and it is a materials result rather than a product result.

A system figure adds the rectifier, the circulation pumps, gas separation, drying and the controls. It is the only one of the three that corresponds to the electricity your meter records. We quote our own stack efficiency on a stack boundary and say so.

Each boundary contains everything inside it, plus its own losses
Each boundary contains everything inside it, plus its own losses

None of the three is a dishonest number. They answer different questions. The problem is only when a cell figure from one supplier is set beside a system figure from another.

At what load, and at what age

Efficiency in electrolysis rises as you run the cell softer. Lower current density means lower overpotential, so a stack at half its rated current is more efficient per kilogram than the same stack at rated current, and produces correspondingly less hydrogen per unit of capital. Quoting efficiency without the current density leaves out the trade the designer actually made.

Temperature moves the number the same way, so a figure at 60 °C and a figure at 40 °C on the same hardware are not the same claim. Age moves it too: every electrolyzer degrades, and a specification that does not say which point on that curve it quotes is quoting beginning of life.

Four questions that make two figures comparable

  • Is it HHV or LHV? About 18% of difference on the same hardware.
  • Is it cell, stack or system? Only the system figure matches your meter.
  • At what current density and temperature? Efficiency rises as a cell is run softer.
  • Beginning of life, or after how many hours? Every stack degrades.

If a supplier can answer all four without checking, that tells you something about how the number was produced. If the answers are not on the datasheet they should be available on request, and a supplier who will not put them in writing has told you what the number is worth.

Our own numbers, with their conditions

The 88% is a stack figure on an HHV basis, not a system figure, and the two rows of conditions are there because the number means nothing without them.

We do not convert the 2,281 hours into a product lifetime. A separate technical note sets out what to check alongside a long-run curve, including cell-to-cell spread and crossover behaviour.

ItemDisclosed condition
StackHXS-2, 23 cells
Efficiency88% HHV at beginning of life
Efficiency conditions0.3 M KOH, 60 °C, stack boundary
Published run2,281 h continuous, 50 A galvanostatic
Run conditions0.3 M KOH, 40 °C, ambient pressure
Degradation80.2 µV/h per cell, linear fit over the full run
PressureUp to 10 barg on the hydrogen side
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