The production cost of clean hydrogen could be brought well below $2/kg by 2030, says a new report released today (27th April).
Making the Hydrogen Economy Possible: Accelerating clean hydrogen in an electrified economy says clean hydrogen will play a complementary role to decarbonise various sectors where direct electrification is likely to be technologically very challenging or prohibitively expensive, such as in steel production and long-distance shipping.
It also says clean hydrogen could play a significant role in future decarbonisation strategies with production set to reach 50 million tonnes by 2030.
The report, released by the Energy Transitions Commission, estimates that for a net zero greenhouse gas emissions economy by 2050, between 500 to 800 million tonnes of clean hydrogen per annum will be needed – a five to seven fold increase compared to hydrogen usage today.
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