Renewably-produced hydrogen will be cheaper than natural gas by 2050 in many markets according to Bloomberg New Energy Finance, in one of the most bullish assessments yet of the potential for green hydrogen to replace fossil fuels. The study makes some significant adjustments to BloombergNEF’s previous assumptions, which were already among the most optimistic around. It predicts the cost to produce one kilogram of green hydrogen will fall to “well below” $US2 by 2030, and “well below” $US1 by 2050 in most markets. That represent a 13 per cent improvement on BloomberNEF’s previous 2030 modelling, and a 17 per cent improvement its previous 2050 modelling.
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