Trade bodies Hydrogen UK and RenewableUK are urging the government to overhaul its green hydrogen plans to reduce the cost of hydrogen by almost 60%.
In a new report, the associations made 11 recommendations that could slash electrolytic hydrogen prices by lowering electricity costs, which account for around 70% of the final cost of green hydrogen.
If implemented, the bodies say electrolytic hydrogen costs – currently £241/MWh (£8.02/kg) under its first hydrogen allocation round (HAR1) – could fall below £100/MWh (£3.33/kg).
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