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Finance consultancy explains in a new report that the levelised cost of green hydrogen (LCOH) is well below USD 2/kg with subsidies. Using either PEM and alkaline electrolysers, green hydrogen normally has a lower levelised cost than pink hydrogen. Meanwhile, Australian authorities are trying to increase the competitiveness of the local hydrogen sector, and car companies are updating their fuel cell plans.
The European Commission says it will set up the new European Hydrogen Bank by the end of this year, with additional plans to hand out 10-year contracts in a new hydrogen auction. Meanwhile, Fortescue Future Industries is setting up a project in Kenya.
Honda has revealed a new hydrogen strategy, while Air Liquide and TotalEnergies have announced a new hydrogen joint venture.
Perth-based Provaris Energy said it is moving forward with its compressed H2 carrier, while Princeton University researchers have published a study on how the transition to hydrogen-based energy systems would affect the tropospheric burdens of methane and hydrogen.
The International Energy Agency says that it expects the use of renewables to support global hydrogen production to surge over the next five years. The Netherlands and Denmark, meanwhile, have revealed plans to expand electrolysis capacity.