The cost of producing green hydrogen could fall by 85% by 2050 due to cheaper photovoltaics, leading to a cost of $ 1 per kilo that would be competitive with gas and “blue” and “gray” hydrogen.
This is the estimate of BNEF as reflected in a new report, which predicts that solar energy in 2050 will be 40% cheaper than in 2019.
The continuing decline in the cost of photovoltaics will come as a result of automated production, lower silicon requirements and enhanced system performance.
“The low cost of renewable hydrogen can change the energy map. It shows that in the future at least 33% of the world economy will be able to be supplied with clean energy at no higher cost than fossil fuels. But technology will need continued government support for “We are now at the high point of the cost curve and we need investment to get to the low,” said Martin Tengler, chief Bloomberg hydrogen analyst.
