Photo: Claudio Centonze
Production of “green” hydrogen produced with renewable energy sources may be coming into focus for the European Union as a way to reduce CO2 emissions. EU officials say the cost of producing it should fall, if the gigawatt capacity of electrolysers is ramped up sufficiently.
At an event in Brussels on Monday, European Commission President Ursula von der Leyen said that the cost for producing green hydrogen could decrease from today’s approx. EUR 6/kg to EUR 1.80/kg by 2030.
When electrolysers powered by renewable energy are used to split water molecules into hydrogen and oxygen, so-called green hydrogen is produced. The result is a clean-burning fuel that is near zero carbon, one which can be used to power heavy industries. Traditional, “grey” hydrogen requires natural gas for production.
Now, the high price of natural gas seen in Europe and elsewhere has driven up the costs of grey hydrogen, making the production of green hydrogen more competitive. Meanwhile, the price of carbon emissions has also gone sky high due to the EU’s emissions trading system, adding an additional cost to the current skyrocketing prices for hydrocarbons.
Source: Reuters
One of the most disappointing characteristics of our 21st Century is that while we live…
Polish Prime Minister Donald Tusk called on European leaders to increase their defence spending while maintaining close ties…
The Munich Security Conference ended on a cautiously positive note for EU candidate countries Albania…
Greece is poised to become a key player in the EU’s efforts to secure critical…
Polish Foreign Minister Radoslaw Sikorski stressed the necessity of European involvement in any peace talks…
Poland’s economy emerged as a regional standout in 2024, recording a GDP growth of 2.9%,…