Green hydrogen now costs less than natural gas in eight European countries. Liquefied natural gas prices will come back down to earth, but not without leaving a lasting impact on the multipurpose wonderfuel.
According to research from BloombergNEF, higher LNG prices mean that green hydrogen – produced by a renewable-powered electrolyzer splitting water – is less likely to burn than natural gas in France, Germany, Italy, Poland, Spain, Sweden, Turkey and the UK. is cheap. Fuel costs are often compared for two reasons: so-called gray and blue hydrogen can be produced using natural gas, and green hydrogen can be a cleaner alternative to some gas-powered processes.