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The Hydrogen Stream: US government wants to reduce green hydrogen cost by 80% to $1 per kilogram in one decade
Green hydrogen cost reduction.
The US Department of Energy (DOE) launched the Energy Earthshots Initiative to accelerate energy breakthroughs within the decade. The first Energy Earthshot — Hydrogen Shot — seeks to reduce the cost of clean hydrogen by 80% to $1 per kilogram in one decade, the DOE said in a statement released on Monday. At the moment, hydrogen from renewable energy costs about $5 per kilogram. “The Hydrogen Shot establishes a framework and foundation for clean hydrogen deployment in the American Jobs Plan, which includes support for demonstration projects. Industries are beginning to implement clean hydrogen to reduce emissions, but there are still many hurdles to deploying it at scale,” the DOE stated, adding that its Hydrogen Program issued a request for information (RFI) on viable hydrogen demonstrations, including specific locations, that can help lower the cost of hydrogen.
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The Hydrogen Stream: US government wants to reduce green hydrogen cost by 80% to $1 per kilogram in one decade
Furthermore, Swiss energy company Axpo and Swedish-Swiss electrical equipment giant ABB committed to combining their technologies and skills for several projects related to green hydrogen in Italy and Germany’s gas transmission system operators Gascade
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