Highlights US Department of Energy announces initiative to lower hydrogen cost by 80% to $1/KG DOE estimates hydrogen from renewable energy currently costs about $5/kg, or roughly $44/MMBtu Platts Analytics’ analysis shows absence of a carbon price, low-cost power will be required for renewable H2 to compete economically with incumbent fossil H2 or even with blue hydrogen A version of this Spotlight from S&P Global Platts Analytics was first published June 9. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Cost declines are seen as being critical to meaningful penetration of low carbon hydrogen – and this has been leading to ever more ambitious long term targets. In a March 11 Future Energy Outlooks Special Report, S&P Global Platts Analytics discussed challenging industry targets of renewable hydrogen cost of Eur1.50/kg by 2030 in Southern Europe – noting the need for consistently low power prices and […]