Hydrogen can become a competitive low-carbon solution in more than 20 applications by 2030, including long haul trucking, shipping and steel, the Council said, based on total cost of ownership (TCO) assessments.
Over 30 countries had national hydrogen strategies in place by early 2021, pledging some $70 billion in support, it said.
Blue hydrogen, produced by steam reformation of natural gas with carbon capture and storage, could also breakeven with gray hydrogen by the end of the decade at a cost of $35-$50/mt of CO2 equivalent for transport and storage, it said.The Hydrogen Council's production pathways model showed the range of green hydrogen costs falling below $3/kg by the middle of the decade across a wide range of applications and energy inputs.
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