Loading...
Loading...
clean-hydrogen-products-2-4-times-more-expensive-than-fossil-fuel-alternatives-says-report
© Fred Libochant Fotografie / Hydrogen Council
clean-hydrogen-products-2-4-times-more-expensive-than-fossil-fuel-alternatives-says-report
© Fred Libochant Fotografie / Hydrogen Council

‘Clean hydrogen products 2-4 times more expensive than fossil fuel alternatives,’ says report

Industrial customers are finding it difficult to commit to using hydrogen due to its high prices, according to a report from the Hydrogen Council and McKinsey & Company.

The Emerging Trade Corridor for Hydrogen and its Derivates report stated clean hydrogen products are 2-4 times more expensive than fossil fuel alternatives, however if demand can be scaled up, a decrease in cost could accelerate.

The report identified mechanisms designed to support the cost-competitiveness of clean products, such as tax credits and carbon penalties, coupled with safeguards against carbon leakage would help enable the large investments required for hydrogen technologies, underpinned by offtake commitments.

… to continue reading this article and more, please login, register for free, or consider subscribing to H2 View

Register today

Paywall Asset Header Graphic

You’ve reached your weekly limit to access free articles!

Want to keep reading?

Please register for free and create a profile to gain access to this full article and H2 View’s daily news.

For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other H2 View archive, please consider subscribing.

Alternatively you can continue reading more articles as a guest on Thursday, 23rd May at 6:33AM

Please wait...