Maria will present results from a recent study on production costs of electrolytic hydrogen. The aim of this study is to analyze how different electricity price scenarios, for four European countries in 2050, affect the production costs, using green hydrogen and e-methanol as examples. Production costs are estimated from varying investments costs on electrolyzer and the cost for electricity, the latter connected to capacity factors (CFs). If utilizing varying electricity prices in a smart way, the production cost of liquefied hydrogen and e-methanol can be as low as 58–87 €/MWh and 76–100 €/MWh respectively, assuming future electrolyzer investment costs of 300–450 €/kW_elec and CFs of 45–65%. Maria will also reflect on general insights she has gained from assessing costs for different future fuel options and thereby setting hydrogen’s cost-competitiveness in a bigger perspective.