A new report published today by the Hydrogen Council titled Path to Hydrogen Competitiveness: A Cost Perspective, reveals that the cost of hydrogen solutions will fall sharply within the next decade.
As scale up of hydrogen production, distribution, equipment and component manufacturing continues, cost is projected to decrease by up to 50% by 2030 for a wide range of applications, making hydrogen competitive with other low-carbon alternatives and even conventional options.
“2020 marks the beginning of a new era for energy: as the potential for hydrogen to become part of our global energy system becomes a reality, we can expected fewer emissions and improved security and flexibility,” said Benoît Potier, Chairman and CEO of Air Liquide and Co-chair of the Hydrogen Council.
“A clean energy future with hydrogen is closer than we think, because the industry has been working hard on addressing key technology challenges. This report shows the path forward to scale-up to fully achieve hydrogen competitiveness and deliver the decarbonisation we urgently need.”
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