Business
Why green hydrogen could be cheaper than fossil fuels in just a few years – RenewEconomy
Cheap and abundant solar means Australia ‘perfectly placed’ to lead global renewable hydrogen industry, with prices below fossil fuels within reach.
New research suggests that bigger and better electrolysers will be key to producing green hydrogen at a lower cost than fossil fuels, and Australia’s abundance of cheap solar means this cross-over point will come ‘sooner rather than later’.
The analysis has been detailed in a paper published in in the journal Cell Reports Physical Science, which identifies the potential pathways for a renewable hydrogen to achieve cost competitiveness with fossil fuels, including gas, coal and transport fuels.
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