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

Welcome to the PE Media Network
PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

Comments