Green hydrogen goes from hyped to humbled on eye-popping costs

Quick Summary:

Despite its potential to reduce emissions across various industries, the sector faces economic challenges and slow market development.

Now, it’s less than a dozen.“There was quite a big drive for hiring, but over the last couple of months there’s been a decrease,” Thomson said in an interview.“I’m a strong believer hydrogen will take off, but not in the next few years.

As a result, hydrogen produced using clean energy costs four times as much as that made from natural gas, according to BNEF.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaEstoniaFinlandOman

Topics: Renewable electricity Clean energy Hydrogen production costs Net zero emissions Green hydrogen

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 09:54:26 (1 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1334 words

Reading Time: 8 minutes read

Sentences: 44 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 24670453

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Official Website: economictimes.indiatimes.com

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