Connect with us

Hi, what are you looking for?


Clean Power

Bloomberg Predicts Massive Fall in Green Hydrogen Prices

Although “blue” hydrogen is cheaper today than “green” hydrogen the situation should reverse by 2030. Blue hydrogen is made from natural gas backed up by carbon capture and storage (a technology which struggles to be economically viable). Green hydrogen is made from water using renewable energy. “BloombergNEF expects renewable hydrogen to be cheaper by 2030 in all modelled countries, even those with cheap gas (such as the U.S.) and those with pricy renewable power (such as Japan and South Korea).”

Oil and gas companies are keen to make a profit and also to appear environmentally friendly. They are moving into the blue hydrogen space but run the risk of stranded assets if they don’t move quickly. BNEF is upping the stakes by setting 2030 as the cut off. Can they build a facility and make it pay within 8 years? The smart thing to do, in my opinion, would be to make it easy to convert plants from blue to green as technology (especially electrolyser costs) becomes cheaper to deploy.

“Even ‘grey’ hydrogen made using fossil fuels without CCS could cost more than green hydrogen by 2030 in 16 of the 28 countries BNEF modelled. This will unleash a tectonic shift in the hydrogen market.”

A report from IRENA has identified Australia as being in the best position to capitalise on this shift due to abundant renewable energy resources. Twiggy Forrest is banking on it, with billions of dollars to invest.

Just this week, the world’s first tanker of liquefied grey hydrogen was shipped from Victoria to Japan. It was the worst kind of grey — the hydrogen was made from liquefied brown coal. Although the environmentally conscious (including me) had a collective groan as Angus Taylor wished the tanker well, we must realize that may be proof that we can ship hydrogen whatever its source. There is some good news here if the ship can complete its voyage. 

There are many problems to solve as we move into a green economy, but as each one is solved, the future is looking more and more sustainable for the citizens of earth, and more and more profitable for the captains of industry. 


Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Written By

David Waterworth is a retired teacher who divides his time between looking after his grandchildren and trying to make sure they have a planet to live on. He is long on Tesla [NASDAQ:TSLA].


You May Also Like

Clean Power

State office holders in Mississippi continue to spout anti-ESG rhetoric, but a massive green hydrogen hub is taking shape right under their feet.

Clean Power

NextEra Energy and CF Industries are about to upend the fertilizer world with a new green hydrogen and ammonia venture in Oklahoma.

Clean Power

The law of unintended consequences, green hydrogen edition, is on full display in Russia's misbegotten war on Ukraine.

Clean Transport

The California firm AJR Trucking will use its new zero emission fuel cell trucks from Nikola Motor to haul mail for the US Postal...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.