A new report published today by the Hydrogen Council, Path to Hydrogen Competitiveness: A Cost Perspective, shows that the cost of hydrogen solutions will fall sharply within the next decade, 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.
Power plants that run on hydrogen could be cost-competitive with those using fossil fuels by the middle of the century if governments double the cost of carbon pollution.
Chevron plans to conduct hydrogen fueling station “test-and-learn” pilots at locations in California.
Consent was broad that in addition to becoming the cheapest source of electricity in most countries around the world today, renewables, when used for electrolysis of water, may become the cheapest pathway to produce hydrogen.
He said another important issue was the disposal of renewable energy equipment including “large amounts” of solar panels, wind turbines, and storage batteries that have limited shelf life.
In a world first, University of Sydney researchers have found evidence of how hydrogen causes embrittlement of steels.
The boiler can run on hydrogen gas alone. The only by-product of burning hydrogen gas is water, meaning that it is a carbon free fuel source.
Doosan Mobility Innovation made an announcement on that it has signed an agreement with Microsoft to develop solutions for hydrogen fuel cell drones.