WoodMac on Green Hydrogen: It’s Going To Happen Faster Than Anyone Expects

By [email protected] Green hydrogen is set to play a substantive role in the overall energy mix, with its development likely to happen faster than anyone predicts, according to a new report by Wood Mackenzie.

The report, 2050: The Hydrogen Possibility, details how the project pipeline has grown ninefold since October 2019 to a staggering 26 gigawatts. National hydrogen strategies have set targets totaling 66 gigawatts of electrolyzer capacity, suggesting there is plenty more growth to come.

Last month, electrolyzer manufacturer Nel set a target of $1.5 per kilogram by 2025, a price level that would beat the traditional fossil-fuel-based options. The current price is

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