Renewable hydrogen could achieve cost-parity by 2028
Hydrogen Council cautions that this would be possible only if capital were found to bridge large funding gap
The Hydrogen Council presented research today revealing that government commitments have led to a rapid acceleration of hydrogen projects and, with falling prices, renewable hydrogen could hit cost-parity with grey supply by 2028. While the news is good, the report warned a $50bn funding gap is a stumbling block to getting prices down. Developed in collaboration with management consultancy McKinsey & Company, Hydrogen Insights 2021 found that, as of early 2021, over 30 countries have released hydrogen roadmaps and governments worldwide have committed public funding to hydrogen technologies. 228 large-scale projects have been announced, with 85pc located in Europe, Asia and Australia. If
Also in this section
18 December 2024
Central Asian country’s vast wind and solar resources have attracted a $50b electrolytic hydrogen mega-project aimed at exporting to Europe
17 December 2024
Sultanate prepares to offer international hydrogen project developers more land concessions but refines auction design as global industry sentiment cools
17 December 2024
Siemens Energy and Air Liquide collaborate on first commercial-scale electrolyser to be deployed at an industrial site in Europe
16 December 2024
Sustainable aviation fuel from electrolysis has great potential for reducing aviation sector emissions, but cost, energy requirements and the need for substantial investment stand in the way of take-off
