Whilst falling production costs are driving down the cost of green hydrogen, many potentially viable parts of the market will not reach self-sufficiency unless governments provide investment and implement policies that explicitly encourage hydrogen adoption.
That’s according to a new report from Edison Group titled The Hydrogen Economy – Decarbonising the Final 20%, which suggests that hydrogen is essential but perhaps more limited than currently realised.
According to the report released yesterday (6th Jan), without support, the industry will not scale sufficiently – and costs will not reduce to the point below which point subsidies become unnecessary.
The report further suggests that this would stall market growth and some companies may fail to live up to investors’ current expectations, and some may even fail entirely.
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