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
Also in this section
3 May 2024
Australia’s Fortescue and France’s EDF Renewables among the successful bidders as second-round auction draws green hydrogen projects worth about $11b
1 May 2024
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research
1 May 2024
Low clearing prices in first European Hydrogen Bank auction reflect fierce competition for green hydrogen subsidies and buyers’ willingness to pay premium
1 May 2024
Japanese company launches test module at Takasago Hydrogen Park with aim to deploy megawatt-scale demonstration project of electrolyser technology