The buzz around natural hydrogen – dubbed white or gold hydrogen – is gaining global momentum as a potential gamechanger in the hunt for cost-effective, low-carbon energy sources. Rystad Energy research shows that at the end of last year, 40 companies were searching for natural hydrogen deposits, up from just 10 in 2020. Currently, exploratory efforts are underway in Australia, the US, Spain, France, Albania, Colombia, South Korea and Canada.
One of the most promising elements of white hydrogen is its cost advantage over other forms of hydrogen due to its natural occurrence. Grey hydrogen, produced from fossil fuels, costs less than $2 per kilogram kg of hydrogen on average, while green hydrogen, produced using renewable electricity, is currently more than three times pricier. The cost of renewable hydrogen is expected to come down as electrolyzer pricing falls in the coming years, and yet, white hydrogen would still be cheaper. At present, Canada-based producer Hydroma extracts white hydrogen at an estimated cost of $0.5 per k
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