Greater investment needed in midstream and end-use switching for hydrogen scale-up
Some US projects will meet $1/kg target by 2031 – DoE
Green hydrogen production costs could fall from $3–6/kg to $1.50–2/kg by 2035, excluding the production tax credit
US green hydrogen production costs, excluding the production tax credit (PTC), could fall from $3–6/kg today to $1.5–2/kg by 2035, according to a recent Department of Energy (DoE) report. The PTC awards a maximum of $3/kg based on lifecycle carbon intensity over a period of ten years for low-carbon hydrogen production projects that begin construction before 2033. While the predicted green hydrogen price by the mid-2030s is higher than the ‘Hydrogen Shot’ target, which aims for low-carbon hydrogen production to cost $1/kg by 2031, “depending on type of electrolyser and availability of high-capacity factor clean energy, some projects may hit the Hydrogen Shot target”, the DoE says. The departm
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
