Related Articles
Forward article link
Share PDF with colleagues

ABN Amro: Green H2 could compete with gas by 2030

Producing hydrogen using electrolysis is expensive, but the Dutch bank sees green hydrogen becoming cost-competitive with natural gas by the end of the decade

Green hydrogen could be cost-competitive with natural gas by 2030 if production of the zero-carbon fuel reaches industrial scale, Dutch bank ABN Amro says. Analysts have calculated that green hydrogen can be produced at a cost of €2.19/kg ($2.66/kg) by the start of the next decade compared with €1.78/kg for natural gas. While these prices remains favourable for gas, the hydrogen industry has significant further means to reduce costs to become cost-competitive by the end of the decade, ABN Amro analysts argue. “We still have a long way to go before green hydrogen is competitive, but energy companies and industrial enterprises are not sitting on their hands in the meantime either. By all indic



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Contracts for difference key to hydrogen economy
26 February 2021
If financial instruments are not established to support adoption, the hydrogen supply chain will stall
Corporate PPAs could boost hydrogen deployment
26 February 2021
Is it time to level-up corporate energy procurement for low-carbon hydrogen, following the successful use of PPAs for renewable electricity?
Airbus bets billions on hydrogen-powered planes
25 February 2021
European manufacturer has touted various potential short- and medium-range designs, but the simplest and smallest seem most viable amid technological and demand uncertainty
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video