From a Twitter thread by Stephen Stapczynski
Green hydrogen is now cost-competitive with the fossil fuel-based product (gray hydrogen)
That cost parity wasn’t expected until around 2030. But surging gas prices shifted the calculus
About 93% of hydrogen producers, users and investors attending a BNEF roundtable last month said they expected the war to boost development of the green-hydrogen industry
To be sure, these green hydrogen and ammonia projects will take years to be realized and require an enormous increase in renewable sources, but the government support still gives private money the confidence to move in
Now, investment funds are joining governments/utilities to make hydrogen a viable substitute for fossil fuels
> Fortescue Metals plans a $50 billion supply chain project
> Norway’s Scatec building a $5 billion production plant
> Fund Hy24 earmarks $1.6 billion for infrastructure
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