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A 2022 Goldman Sachs analysis anticipates that globally green hydrogen will achieve cost parity with grey hydrogen by 2030, earlier if a global carbon tax is placed on gray hydrogen. [13] In terms of cost per unit of energy, blue and gray hydrogen will always cost more than the fossil fuels used in its production, while green hydrogen will ...
[154] [83] Solar electricity prices in India have already fallen below the affordable price (≈ INR 5.00 per kWh to generate 0.041 lb/kWh hydrogen which is equivalent to 0.071 litres of petrol in terms of lower heating value) to make hydrogen economical fuel by sourcing from electrolysis of water to replace petrol/gasoline as transport fuel.
The cost of hydrogen production by reforming fossil fuels depends on the scale at which it is done, the capital cost of the reformer, and the efficiency of the unit, so that whilst it may cost only a few dollars per kilogram of hydrogen at an industrial scale, it could be more expensive at the smaller scale needed for fuel cells.
At an electricity cost of $0.06/kWh, as set out in the Department of Energy hydrogen production targets for 2015, [73] the hydrogen cost is $3/kg. The US DOE target price for hydrogen in 2020 is $2.30/kg, requiring an electricity cost of $0.037/kWh, which is achievable given recent PPA tenders for wind and solar in many regions. [74]
The National Hydrogen Energy Road Map (NHERM) is a program in India initiated by the National Hydrogen Energy Board (NHEB) in 2003 and approved in 2006 for bridging the technological gaps in different areas of hydrogen energy, including its production, storage, transportation and delivery, applications, safety, codes and standards and capacity building for the period up to 2020.
HCNG or H2CNG (hydrogen compressed natural gas) is a mixture of compressed natural gas and 4–9 percent hydrogen by energy. [1] It may be used as a fuel gas for internal combustion engines [ 2 ] [ 3 ] [ 4 ] and home appliances.
The challenges facing the use of hydrogen in vehicles include its storage on board the vehicle. As of September 2023, hydrogen cost $36 per kilogram at public fueling stations in California, 14 times as much per mile for a Mirai as compared with a Tesla Model 3. [131]
Hydrogen pipeline transport is a transportation of hydrogen through a pipe as part of the hydrogen infrastructure. Hydrogen pipeline transport is used to connect the point of hydrogen production or delivery of hydrogen with the point of demand, pipeline transport costs are similar to CNG, [9] the technology is proven, [10] however most hydrogen is produced on the place of demand with every 50 ...