Full Title: Clean Hydrogen’s Place in the Energy Transition
Author(s): Kofi Mbuk
Publisher(s): Carbon Tracker
Publication Date: October 20, 2022
Full Text: Download Resource
Description (excerpt):
For many decades fossil hydrogen has been an integral part of our energy society.
From being an essential component for powering the first internal combustion engine more than 200 years ago, to becoming an essential part of the modern agricultural and oil refining industry.
Since the start of the War in Ukraine natural gas prices, a major feedstock for producing fossil fuel-produced hydrogen (blue and grey), has soared by more than 70% on international markets triggering an energy crisis and pushing lawmakers worldwide to urgently source alternative sources of fuel.
Clean Hydrogen’s Place in the Energy Transition finds the surge in the gas price has caused the levelised cost of fossil-produced hydrogen to jump and accelerated investment and plans to build out more clean hydrogen assets as interest in the fuel rises, amid technological advances in its manufacture and falling costs.