SMART ENERGY INTERNATIONAL | The production of green hydrogen could be cost-competitive by 2030, according to a new analysis by IHS Markit.
Green hydrogen is produced by “splitting” water—which can be carbon-free provided the electricity used in the process is produced by renewables. This process could become cost-competitive with currently predominant methods that require the use of natural gas as a feedstock.
The use of electrolysis, a process that uses electricity to split water into hydrogen and oxygen to produce green hydrogen is rapidly developing from pilot to commercial-scale operation in many parts of the world, according to IHS Markit.
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