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
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