Green hydrogen could be cost competitive by 2030, says IHS Markit

Green hydrogen could be cost competitive by 2030, says IHS Markit

New report from data and analytics giant IHS Markit says green hydrogen could be cost competitive by 2030.

Produced by electrolysis – a process that uses electricity to split water into hydrogen and oxygen, green hydrogen is rapidly developing from pilot to commercial scale operation in many parts of the word, analysis by the IHS Markit Hydrogen and Renewable Gas Forum found.

“Costs for producing green hydrogen have fallen 50% since 2015 and could be reduced by an additional 30% by 2025 due to the benefits of increased scale and more standardised manufacturing, among other factors,” said Simon Blakey, IHS Markit Senior Advisor, Global Gas.

... to continue reading you must be subscribed

Subscribe Today

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...