ABN Amro: Green H₂ 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