Everfuel founder and CEO Jacob Krogsgaard said something really interesting to H2 View recently – actually he said a lot of interesting things to us, but one comment stood out in particular: that green hydrogen has been cost competitive since 2019.
Why is this so interesting? Well, when you consider that most estimations say it could be another eight years before green hydrogen is cost competitive – for example, the Hydrogen Council’s Path to hydrogen competitiveness: A cost perspective report says renewable hydrogen solutions will be competitive with conventional options by 2030 in nine of the 35 use cases it studied – the fact Krogsgaard said green hydrogen has already been cost competitive for the past three years, we understandably wanted to know more.
If you’re not familiar with Everfuel, the Danish firm is focused on unlocking hydrogen at scale and describes itself as “Europe’s new integrated fuel company, providing green hydrogen for larger vehicle fleets”. Everfuel says its mission is to enable European-wide production, distribution and refuelling of 100% green hydrogen fuel at prices competitive to traditional gasoline and diesel. And Krogsgaard said Everfuel already achieved this.
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