Green hydrogen is already competitive with blue in some parts of the EU
Green hydrogen reaching parity in EU – RMI
Rising gas prices resulting from the war in Ukraine mean blue hydrogen is losing cost-competitiveness with green
High gas prices mean green hydrogen is already competitive with blue in some parts of the EU, according to a report by thinktank RMI. Nordic countries or nations in the south of the bloc with low renewable electricity costs can produce green hydrogen for $2-5/kg, although volumes are low. By contrast, rising gas prices mean blue hydrogen production costs are now $6-18/kg. The IEA has noted that blue hydrogen costs were $1-2/kg in 2020 before natural gas prices started to escalate later in 2021. “We are living in a completely different reality because of the war in Ukraine and the subsequent energy crisis,” says Oleksiy Tatarenko, an economist at RMI. $2-5/kg – Cost of green hydrogen pr
Also in this section
13 March 2025
Government awards €1.21b of funding to seven large-scale projects as it chases capacity target of 12GW by 2030
12 March 2025
Speakers at this year’s CERAWeek conference noted the growing interest in green hydrogen, but hurdles such as cost remain to its adoption at scale
11 March 2025
A reassessment of clean hydrogen’s growth trajectory is underway, but the energy vector’s long-term potential to decarbonise remains intact
10 March 2025
Collaboration has become crucial to success as projects turn out to be more complex and expensive than previously thought, industry figures tell Dubai conference
