Aker’s green hydrogen costs at parity with grey

Norwegian company expects FID on two projects in second half of next year

Aker Clean Hydrogen says some of its Norwegian projects have achieved green hydrogen costs of $3.5-4.5/kg, putting them at parity with grey hydrogen. Aker says green hydrogen has a clear path to competitiveness by 2030, with grey hydrogen costs rising faster than previously anticipated on the back of rising prices for carbon and natural gas, the latter of which has spiked recently. "Some of our Norwegian projects under development show hydrogen cost levels of $3.5-4.5/kg. In the current market environment, with very high gas prices, this matches the cost levels for grey hydrogen," says Knut Nyborg, CEO of Aker Clean Hydrogen. Gas prices in Europe have hit record levels in recent weeks, drama