Production of green hydrogen using renewable power for electrolysis could be cost competitive with incumbent methods by 2030, analysis by research firm IHS Markit has concluded.
The analysis, compiled by IHS’ Hydrogen and Renewable Gas Forum, found that the cost of producing so-called green hydrogen had fallen by 50% since 2015, and stand to drop by another 30% by 2025 as the scale of projects increases alongside more standardised manufacturing processes.
