Green hydrogen to reach $2-3/kg in Africa - DNV

Hydrogen will meet 5pc of demand for energy carriers in 2050, DNV forecasts

Green hydrogen is already on track to achieve costs of $2-3/kg in Latin America and Africa, according to risk management company DNV. “DNV is involved in some projects in Latin America and Africa where we already see the potential for green hydrogen production costs in the range of $2-3/kg using solar PV,” the company says in its Financing the Energy Transition report. Green hydrogen cost forecasts vary greatly. The International Renewable Energy Agency (Irena) says costs could fall to “well below” $2/kg by 2030. Bloomberg New Energy Finance forecasts that clean hydrogen will cost below $2/kg in much of the developed world by 2030. And a US goal to produce green hydrogen at $1/kg is feasible