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Green Hydrogen Is Cheaper Than LNG in Europe

by Enochadmin

Inexperienced hydrogen now prices lower than pure gasoline in eight European nations. Liquefied pure gasoline costs will come again to earth, however not with out leaving an enduring impression on the multipurpose wonderfuel.

Excessive LNG costs imply inexperienced hydrogen—produced by a renewable-powered electrolyzer splitting water—is cheaper to burn than pure gasoline in France, Germany, Italy, Poland, Spain, Sweden, Turkey and the U.Okay., in line with analysis by BloombergNEF. The fuels’ prices are sometimes in contrast for 2 causes: So-called grey and blue hydrogen may be produced utilizing pure gasoline, and inexperienced hydrogen is usually a clear substitute for some gas-powered processes.

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