ABN Amro: Green H<sub>2</sub> could compete with gas by 2030
Producing hydrogen using electrolysis is expensive, but the Dutch bank sees green hydrogen becoming cost-competitive with natural gas by the end of the decade
Green hydrogen could be cost-competitive with natural gas by 2030 if production of the zero-carbon fuel reaches industrial scale, Dutch bank ABN Amro says. Analysts have calculated that green hydrogen can be produced at a cost of €2.19/kg ($2.66/kg) by the start of the next decade compared with €1.78/kg for natural gas. While these prices remains favourable for gas, the hydrogen industry has significant further means to reduce costs to become cost-competitive by the end of the decade, ABN Amro analysts argue. “We still have a long way to go before green hydrogen is competitive, but energy companies and industrial enterprises are not sitting on their hands in the meantime either. By all indic
Also in this section
8 May 2024
Commission modelling of emission reduction pathway implies undershoot of current hydrogen production and imports targets, according to speakers at a recent Hydrogen Europe event
8 May 2024
Hydrogen cars may not have much credibility, but the same could have been said about EVs not too long ago
3 May 2024
Australia’s Fortescue and France’s EDF Renewables among the successful bidders as second-round auction draws green hydrogen projects worth about $11b
1 May 2024
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research