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
Welcome to the PE Media Network
In 2021 Petroleum Economist is joined by Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry
To celebrate the launch of our two new channels we are making Hydrogen Economist and Transition Economist free to everyone for a limited time only