Green Hydrogen Costs Set to Stay Too High For Too Long

Green hydrogen will struggle to compete at price level with gray hydrogen made from natural gas at least until 2050—much longer than previously anticipated, according to new estimates by research firm BloombergNEF. BNEF’s new report on hydrogen prices finds that green hydrogen, the one produced via electrolysis using renewable energy, will fail to reach price parity with gray hydrogen by the middle of the century, as costs have more than tripled from last year’s forecast.   Rising costs for electrolyzers mean that in 2050,…