Monday, October 14, 2024

Cost of Producing Green Hydrogen Makes It Prohibitive, Says Study

Capturing carbon dioxide from the atmosphere is more cost effective than producing hydrogen for fuel, say Harvard researchers

By Yusuf Khan of The WSJ. Excerpts:

"A Harvard University study casts doubt on the viability of hydrogen as a fuel in the U.S.

The researchers say the costs of producing, moving and storing the gas are higher than they are for using fossil fuels and then removing carbon from the atmosphere afterwards. 

"for every metric ton of carbon dioxide it now reduces, green hydrogen costs between $500 and $1,250. But carbon capture and storage prices currently range between $100 and $1,000 a ton"

"“unclear demand signals, financing hurdles, delays to incentives, regulatory uncertainties, licensing and permitting issues and operational challenges” were the main barriers to growth currently."

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