The Malaysian government expects green hydrogen energy to be a valuable new commodity and aims to make it affordable for the local market, at a price of 15 sen per kilowatt hour within five years, through various initiatives and partnerships with the private sector.
“Malaysia is determined to become a leading hydrogen economy nation by 2050 and achieve global decarbonisation targets. If we become a green hydrogen producing nation in the region, would be even bigger because we are not only focusing on the Malaysia market, but the whole region,” he told reporters after the launch of HyPEReactor by NanoMalaysia Bhd today.
“ now is expensive because the market is not built yet. When you have more users of and the entire ecosystem is complete, then and the production cost will come down.”