The cost to produce and distribute hydrogen from clean energy sources will fall by as much as 50% over the next decade. To do so, investment must pour in while the production of electrolyzers must scale up.
A hydrogen H70 fuel pump stands at the UC Irvine Hydrogen Fueling Station, operated by the NationalFuel Cell Research Center , in Irvine, California, U.S., on Saturday, Feb. 4, 2017. With the blessing of Prime Minister Shinzo Abe, Toyota is at the forefront of Japan's efforts to use hydrogen and fuel cells to power cars, heat homes and keep factories running. Japan's enthusiasm for hydrogen contrasts with growing momentum toward electric cars in the U.S. and Europe.
“2020 marks the beginning of a new era for energy: as the potential for hydrogen to become part of our global energy system becomes a reality, we can expect fewer emissions and improved security and flexibility,” said Benoît Potier, chief executive of Air Liquide and co-chair of the Two key drivers are working in green hydrogen’s favor: the cost of renewables continues to fall while the urgency to reduce greenhouse gas levels has picked up steam, all under the banner of the Paris climate agreement. Hydrogen from renewable power is technically viable today, says the, noting that its price will one day be on par with that of “grey hydrogen” from coal and natural gas. Green hydrogen is already more cost-effective than “blue hydrogen” that utilizes carbon capture technologies.
“What we see as an opportunity is to scale up to reduce the cost of electrolyzers,” says Emanuel Taibi, head of Power Sector Transformation Strategies for IRENA’s Innovation and Technology Center, in a talk with this reporter at the World Future Energy Summit in Abu Dhabi last month. “It is still small-scale and hand-made. If we can industrialize those, we can increase the scale 5-to-10 times.
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