Subsidies announced for low-carbon hydrogen have quadrupled over the last two years to cross $280 billion, according to the latest update from BloombergNEF, the agency reported on 24 August.. The US stands far ahead of every other country, with the $137 billion expected to flow to eligible projects over the next 10 years making clean hydrogen cheaper for the whole world.
The US edge comes from the compelling offer of $3 per kilogram of low-carbon hydrogen produced – promised under the US Inflation Reduction Act. BNEF currently estimates the cost of clean hydrogen production at $2.3 to $4.8 per kilogram. The US support makes low-carbon hydrogen competitive with hydrogen from natural gas, enables economies of scale and drives the technology down the cost curve, changing the hydrogen landscape for everyone.
Source https://is.gd/31E8Lg
