LONDON, Oct 20 (Archyde.com) – New investment in green hydrogen has topped $70 billion since the start of the war in Ukraine, research showed on Tuesday, as rising gas prices rippled through on the production costs of hydrogen produced from hydrocarbons.
Green hydrogen, produced by splitting water into hydrogen and oxygen using renewable sources such as solar and wind power, is considered a cleaner energy source for the future, but the technology is still in its infancy and still relatively expensive.
The costs of producing hydrogen produced from fossil fuels have suffered from rising gas prices, which have risen more than 70% since the start of the war in Ukraine last February.
According to the study published by the Carbon Tracker think tank, the price of so-called “grey” hydrogen – produced from natural gas – would now exceed that of green hydrogen.
If investments in green hydrogen continue at a steady pace in the coming years, production costs might drop below two dollars per kilo by 2030, compared to an average price of between $3.80 and $5.80. dollars per kilo before the start of the conflict in Ukraine.
(Reportage Nina Chestney; version française Camille Raynaud)
