August 26, 2020 Read More →

Wood Mackenzie predicts green hydrogen costs to fall 64% by 2040

Recharge News:

Green hydrogen costs will fall by up to 64% by 2040 and match fossil-based H2 within 10 years in some markets, according to a report from research group Wood Mackenzie.

WoodMac said that with the announced project pipeline for green H2 – hydrogen made via electrolysis powered by renewables such as wind and solar – growing from 3.5GW to just over 15GW within the last ten months, volumes will be large enough and stable enough for the nascent market to scale up. 

The ability of green hydrogen to meet spiralling global demand – and whether blue H2 is better placed – has become one of the defining questions of the energy transition that was debated in a recent Recharge digital roundtable on the subject.

A study from the Institute for Energy Economics and Financial Analysis this week warned that the ballooning number of global green hydrogen projects won’t produce nearly enough to meet early global demand for the fuel that’s seen as key to the energy transition. 

[Christopher Hopson]

More: ‘The decade of hydrogen’: Green H2 costs to plunge, says Wood Mackenzie

Posted in: IEEFA In the News

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