“…This translates to cell efficiencies of 55–65%, with a total overpotential of 0.4–0.7 V, out of which the activation losses at the OER electrode are about 60–80% of the total catalytic losses. 63 To become cost competitive, H 2 from WEL should be below 2.6 € per kg, 64,65 thus, not only the efficiency, but also capital expenditures (CAPEX), must be improved. Nowadays, the cost of hydrogen from electrolysers is about ∼10 € per kg, 66,67 and this is waiting to be decreased by the appearance of cheaper renewable sources of electricity and cheaper stack technology.…”