Renewable hydrogen to undercut gas on price, but not the answer for transport
Renewable hydrogen has the potential to slash the global greenhouse gas emissions of fossil fuel power generation and industry by more than one third, at a cost competitive with natural gas, new research has found – but it’s not the answer for low-carbon automotive transport.
Bloomberg New Energy Finance’s Hydrogen Economy Outlook, published Monday (US time) finds that with large-scale geological storage and the right policies in place, renewables-produced hydrogen could be used to replace natural gas in both dispatchable power generation and industrial applications.
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