Environment & Energy Report

Green Hydrogen Could Price Gas Out of Power Markets by 2050

Jan. 14, 2020, 3:00 PM

Power plants that run on hydrogen could be cost-competitive with those using fossil fuels by the middle of the century if governments double the cost of carbon pollution.

The findings in a report by BloombergNEF show the main challenge blocking hydrogen from the grid remains an economic one. Policy makers and companies are studying how to use the lightest element as a way to slash emissions from industrial processes, since hydrogen creates no greenhouse gases when it’s burned.

“There probably wasn’t a week in 2019 where I didn’t talk to a customer about hydrogen or decarbonization,” said Jeffrey Goldmeer, director...

To read the full article log in. To learn more about a subscription click here.