Costs associated with 40 hydrogen technologies used in 35 applications, including for heat and power, could tumble dramatically over the next decade as the scale-up of hydrogen production, distribution, and equipment and component manufacturing continues, reports Power, a web-based news and technology site for the global energy industry.
For some applications, the report says, hydrogen could become competitive with other low-carbon alternatives, and even conventional options. Some key findings reported by the Hydrogen Council point to growing efforts to integrate hydrogen into the global energy matrix. As of January, 18 governments, whose economies account for 70 percent of global gross domestic product, have developed detailed strategies for implementing the use of hydrogen for power generation. Industry is also said to be paying attention to sharp cost improvements associated with renewable hydrogen production, and the versatile role hydrogen could play in future
