Reducing the cost of green hydrogen to $1/kg by 2030 is an “unlikely achievement,” according to a new hydrogen report from GlobalData.
Electrolyser and renewable energy costs must continue decreasing to meet the projections, the report states.
Moreover blue hydrogen costs – which depend largely on natural gas prices as well as large upfront costs for carbon capture equipment – are also projected to rise, impacting its competitiveness.
However GlobalData finds the Ukraine crisis has made green hydrogen more competitive as costs are expected to fall as electrolyser capacity is scaled up and gigascale projects are developed – and investment has spiked, with investor interest rising 125% year-on-year.
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