Hydrogen, the most abundant element in the universe, has been stealing the spotlight from EVs and renewables lately. From a sort of boutique car fuel a couple of decades ago, hydrogen has evolved into one of the clean energy priorities for the future. And this future may be quite bright for it as prices for its production from renewable sources of energy are set to halve. A study commissioned by the International Council on Clean Transportation has found that the average price for a kilo of hydrogen produced through electrolysis using solar or wind power will fall by about 50 percent between 2020 and 2050 in the United States and Europe. The stuffy examines three scenarios based on whether the electrolyzer—the installation that breaks down water into hydrogen and oxygen—is connected to the grid, to a renewable electricity generator, or is grid-connected but serves as a storage facility. It […]