EU aims to make green hydrogen cost-competitive within two years: leaked strategy document
The EU aims to make green hydrogen cost-competitive with highly polluting grey hydrogen within two years, according to a leaked draft of the European Commission's forthcoming hydrogen strategy.
"To facilitate the taking-off of green hydrogen in the next two years, we need strong policy steer at EU level to complement market and private investment," says the document seen by Recharge, entitled Towards a hydrogen economy in Europe: a strategic outlook.
"Policy actions would aim at enabling green hydrogen to arrive at close to competitive price levels already in a couple of years. This will be possible as soon as integrated green hydrogen factories at gigawatt scale go into production."
It adds: "The main booster has to be a significant increase in volumes to bring down the price/kg to a range of €1-2/kg [$1.12-2.24] as quickly as possible." This is roughly the price of grey hydrogen produced from unabated natural gas and coal today.
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