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
![](/images/white-fade.png)
Also in this section
26 July 2024
European offtakers and strategic investors start to unlock North African country’s vast potential as a green hydrogen and ammonia supplier
25 July 2024
Investment in 100MW green hydrogen facility in Germany comes as oil major’s wider transition strategy comes under scrutiny
24 July 2024
World’s largest green fertiliser supply agreement puts Villeta project in Paraguay on track for FID later this year
23 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries