Green hydrogen 'cheaper than unabated fossil-fuel H2 by 2030': Hydrogen Council

Green hydrogen produced from renewable energy is set to become cost-competitive with high-emission grey hydrogen by 2030, according to a new study by the Hydrogen Council and consultant McKinsey.

“Within five to ten years — driven by strong reductions in electrolyser capex of about 70-80% and falling renewables’ levelised costs of energy (LCOE) — renewable hydrogen costs could drop to about $1-1.50 per kg in optimal locations, and roughly $2-3 per kg under average conditions,” says the report, Path to Hydrogen Competitiveness: A cost perspective.