Natural gas prices have spiked in Europe
Aker’s green hydrogen costs at parity with grey
Norwegian company expects FID on two projects in second half of next year
Aker Clean Hydrogen says some of its Norwegian projects have achieved green hydrogen costs of $3.5-4.5/kg, putting them at parity with grey hydrogen. Aker says green hydrogen has a clear path to competitiveness by 2030, with grey hydrogen costs rising faster than previously anticipated on the back of rising prices for carbon and natural gas, the latter of which has spiked recently. "Some of our Norwegian projects under development show hydrogen cost levels of $3.5-4.5/kg. In the current market environment, with very high gas prices, this matches the cost levels for grey hydrogen," says Knut Nyborg, CEO of Aker Clean Hydrogen. Gas prices in Europe have hit record levels in recent weeks, drama
Also in this section
18 March 2026
The second fossil-fuel price shock in four years can be a much-needed catalyst for investment in the sector
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
