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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. I

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