The Uncomfortable Truth About Green Hydrogen

Last year, BloombergNEF predicted that by 2030, green hydrogen would become cheaper than all other “colors” of hydrogen. The analytical firm did not supply specific reasons for its forecast, only saying that the current situation in which even blue hydrogen—produced from natural gas—with carbon capture is cheaper than green hydrogen should reverse over the next eight years.  This was one of the forecasts that did not age well during the pandemic, what with all the supply chain problems and pent-up demand release that resulted in shortages and higher prices across commodities. The BloombergNEF forecast, like most about the future of low-carbon energy, was based on the assumption that the cost of raw materials for wind and solar will only have one way to go, and that would be down. In reality, the opposite has been the case.“The global commodities crunch has…

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