News flash
- BloombergNEF reports Green hydrogen will remain far more expensive than previously thought for decades to come but will fall leading up to 2050.
Hydrogen companies worldwide are already struggling with cancelled projects and sluggish demand. In the US, billions of dollars of projects have been stalled waiting for President Joe Biden’s administration to issue final rules for a tax credit meant to spur production.
BNEF had in the past forecast steep declines in the price of green hydrogen, which is made by splitting it from water with machines called electrolysers running on renewable power. But in its forecast published Monday, the firm more than tripled its 2050 cost estimate, citing higher future costs for the electrolysers themselves. BNEF now forecasts green hydrogen to fall from a current range of $3.74 to $11.70 per kilogram to $1.60 to $5.09 per kilogram in 2050. Read more
Author: Bryan Groenendaal
