US $1/kg hydrogen goal ‘feasible’ – Wood Mackenzie

But nation needs electrolyser and spending targets to flesh out strategy, consultancy says

The Biden administration’s goal of reducing the cost of clean hydrogen by 80pc, to $1/kg, in a decade is “very feasible”, according to Flor de la Cruz, senior research analyst for hydrogen at consultancy Wood Mackenzie. That is because the US Department of Energy (DOE), which unveiled the goal in its hydrogen “earthshot” in June, includes blue hydrogen in its definition of clean hydrogen. The scheme aims to reduce costs and accelerate breakthroughs in the clean hydrogen sector. Most recently announced hydrogen policies elsewhere in the world have focused solely on green hydrogen, which is more expensive to produce. Green hydrogen costs about $5/kg, the DOE notes, while Wood Mackenzie puts th