'Green hydrogen is currently cheaper to produce in Europe than grey and blue H2 due to high natural gas and carbon prices'.
The record high CO2 price also means that it would be cheaper to capture and store the emissions from steam methane reforming than to release it into the atmosphere, calculations showThe price of natural gas in Europe is currently so high that it would currently be cheaper to produce green hydrogen from renewable energy than grey or blue H2 from methane, according to new calculations.
And the record high EU carbon price of €60 ($69) per tonne of CO2 means that grey hydrogen from unabated natural gas would currently be more expensive to produce than blue H2 (made in the same way but with carbon capture and storage) — although, of course, there is no blue hydrogen being produced in Europe yet.
Calculations by Australian maths-as-a-service company Keynumbers and the Energy Flux newsletter show that, under a realistic set of assumptions, the levelised cost of green hydrogen manufactured today would be €4.18 per kilogram, compared to €6.55/kg for grey H2 and €6.21/kg for blue.
Of course, such calculations depend on the assumptions used, including the cost of electricity and natural gas, capacity factors at renewables projects, capital and operating expenditure (capex and opex), interest rates, electrolyser efficiency, and carbon capture rate - RECHARGE - link - Leigh Collins - link - picture - link - more like this - link
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