Hydrogen cost to decrease by 50 % by 2030
As Hydrogen Council gathers in Versailles, for a meeting, and welcomes 22 new members, a new study has been relesed. This report (Path to Hydrogen Competitiveness: A Cost Perspective) shows that the cost of hydrogen solutions will fall sharply by 2030, sooner than previously expected. As scale up of hydrogen production, distribution, as well as of equipment and component manufacturing continues, cost is projected to decrease by up to 50% by 2030 for a wide range of applications, making hydrogen competitive with other low-carbon alternatives and, in some cases, even conventional options.
“The study is based on real industry data, with 25,000 data points gathered and analysed from 30 companies using a rigorous methodology. The data was collected and analytical support provided by McKinsey & Company and represents the entire hydrogen value chain across four key geographies (US, Europe, Japan/Korea, and China). It was also reviewed by an independent advisory group comprised of recognised hydrogen and energy transition experts.”
More details here.
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