ITM Power predicts green hydrogen will become a cost-effective fuel

The British firm that makes electrolyzers says that clean H2 will be less expensive than natural gas.ITM Power, British firm that makes electrolyzers has predicted that green hydrogen will become more cost effective than natural gas.It pointed to the price of natural gas and the war in Ukraine as factors boosting affordability of H2.The company, based in Sheffield in the UK, manufacturers electrolyzers that produce green hydrogen fuel from water. They stated that the energy crisis offers a substantial and meaningful alternative to natural gas. That said, the broadening losses it has experienced and the exit (once a replacement is found) of Graham Cooley, ITM Power’s longstanding CEO, has sent the company’s shares tumbling as investors are now wary.The majority of H2 is grey (made using natural gas) or blue (made using natural gas with carbon capture and storage to cut emissions)….

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