The high cost of hydrogen hubs and the ‘small and shrinking’ market for hydrogen FCEVs means the US DOE faces ‘hard questions’ when it comes to blue hydrogen development, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
In its Bad News for Blue Hydrogen report, IEEFA says the DOE is under pressure ‘to put the cart before the horse – to build hydrogen projects based on unproven technologies and undemonstrated markets’.
It warns that by the time DOE’s selected applications are processed and the surviving projects are built, EV market trends will have expanded the already strong role of BEVs substantially, weighing against most vehicular uses of hydrogen.
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