The levelised cost of blue and grey hydrogen has risen
Surging gas prices drive $73bn spend on green hydrogen
Germany, Morocco and the US make biggest investment pledges as green hydrogen costs undercut blue and grey in most regions in wake of war in Ukraine, says Carbon Tracker
The world economy has committed about $73bn of private and public funds to green hydrogen production in response to a surge in natural gas prices sparked by the war in Ukraine, according to NGO Carbon Tracker. Twenty-five countries, mostly in the Global North, have committed funds—with Germany, Morocco and the US pledging the most. The acceleration in investment has been driven by a 70pc+ rise in gas prices since the start of the war in February. This has caused the levelised cost of blue and grey hydrogen to “skyrocket”, making green hydrogen relatively cheaper in most regional markets on a levelised cost of energy basis, Carbon Tracker says. “The price of green hydrogen has steadily
Also in this section
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
27 March 2025
Region has all the ingredients to become a green hydrogen powerhouse but faces plenty of barriers and stiff competition
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
21 March 2025
The country is engaging with potential investors from North America and China as it refines its auction process to reflect shifting dynamics in green hydrogen, Hydrom’s managing director tells Hydrogen Economist
