By 2030 the production of hydrogen fuel by the electrolytic splitting of water—which can be carbon-free provided the electricity used in the process is produced by renewables—could become cost-competitive with currently predominant methods that require the use of natural gas as a feedstock, according to analysis by the IHS Markit Hydrogen and Renewable Gas Forum . The hydrogen produced by electrolysis is rapidly developing from pilot to commercial-scale operation in many parts of the world. Costs for producing green hydrogen have fallen 50% since 2015 and could be reduced by an additional 30% by 2025 due to the benefits of increased scale and more standardized manufacturing, among other factors. The work that we have done for the IHS Markit Hydrogen Forum very much focuses on economies of scale as a way of reducing costs, developing dedicated renewables in order to get the load factor on the electrolyzer up and, […]