Green hydrogen production could become cost-competitive by 2030.
That's the suggestion fmade in a new analysis from the IHS Markit Hydrogen and Renewable Gas Forum, which says the method of “splitting” the gas from water using renewable electricity could become as affordable as currently predominant methods that require the use of natural gas as a feedstock.
It notes this form of hydrogen generation is rapidly developing from pilot to commercial-scale operation in many regions of the world and predicts investment in such 'power-to-x projects' is expected to grow from around $30 million (£23.75m) in 2019 to more than $700 million (£554m) in 2023.
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