Joe Biden wants the cost of green hydrogen to fall to $1/kg within a decade
US clean hydrogen cost targets very challenging – UK academic
Scaling up production and deployment of next-generation technologies key to driving down costs, conference speakers say
Clean hydrogen production cost targets set recently by the US government look “very challenging” given current green hydrogen costs in Europe, according to Professor Mohamed Pourkashanian, head of energy research at the UK’s University of Sheffield. In June, the Biden administration issued a new goal of slashing the cost of clean hydrogen by 80pc, to $1/kg, within a decade. “It is a fantastic opportunity to achieve that, but please keep in mind this is very challenging. Based on some data that I have seen from European gas, CO₂ or hydrogen producers, we are talking about green hydrogen around $6-7/kg,” he told the University of Sheffield’s ‘Accelerating Hydrogen’ virtual conference. $
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges
