Skip to content
Subscriber Only
Green
Energy & Science

Green Hydrogen Set to Be Competitive With Fossil Fuels by 2040

  • Wood Mackenzie forecasts cost of green hydrogen falling 64%
  • Hydrogen seen as key to reaching global climate goals
Wind turbines stand in view of a hydrogen electrolysis plant in Mainz, Germany.

Wind turbines stand in view of a hydrogen electrolysis plant in Mainz, Germany.

Photographer: Alex Kraus/Bloomberg
By

Hydrogen made from renewable power will be compete on price with producing the gas from fossil fuels within two decades, according to analysis by research firm Wood Mackenzie Ltd.

The cost of green hydrogen will drop 64% by 2040, the researchers said. Hydrogen is seen as key to cutting global greenhouse gases as it could eliminate the use of polluting fuels in industry and transport.