However, even before Russia invaded Ukraine on Feb. 24 and imperiled European gas supplies, blue’s star was waning. Since last summer, natural gas prices have risen fivefold to over 100 euros per MWh. That radically changes the relative cost dynamics. Even with gas at 80 euros per MWh, grey hydrogen works out at 5 euros per kg, Bernstein reckons; blue, which has the added expense of carbon capture, exceeds 6 euros. At this month’s war-driven peaks, both would have topped 10 euros per kg.
The conflict has revealed deeper problems for blue hydrogen, according to Graham Cooley, chief executive of $2.8 billion ITM Power
gfhay ReutersFlasseur wont matter, a recession is in the bag. when mass layoffs start this will crator huge
Reuters gfhay ReutersFlasseur