Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • Turning Waste into Watts: Researchers Harness Heavy Metals in Wastewater for Green Hydrogen Production
  • Tata Steel to Retire Coal-Based Blast Furnace at IJmuiden in €1.5B Hydrogen-Ready Overhaul
  • Copper-Doping Unlocks Stable, High-Performance Sodium-Ion Batteries for Scalable Energy Storage
  • Stellantis Halts Hydrogen Van Program, Signaling Broader Industry Retrenchment
  • Hygenco Launches Green Hydrogen Supply to Sterlite Technologies
  • Primary Hydrogen Accelerates Natural Hydrogen Exploration with Phase 2 Soil Sampling in British Columbia
  • Moeve and Zaffra Target e-SAF Deployment at Green Hydrogen Hub
  • Kazakhstan and South Korea’s YPP Sign $3.1B Pact for Green Hydrogen and Ammonia
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Research
Green Hydrogen H2 News

$73bn investment in green hydrogen projects caused by gas crisis

Arnes BiogradlijaBy Arnes Biogradlija20/10/20222 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

According to research, since the conflict in Ukraine broke out, rising natural gas prices have made hydrogen produced from fossil fuels increasingly unprofitable and have encouraged over $70 billion in new investment in hydrogen from renewable sources.

In order to separate water from oxygen, so-called green or clean hydrogen is produced using electrolyzers powered by renewable energy, whereas blue hydrogen is produced from natural gas using equipment that captures and stores the carbon dioxide emissions.

Grey hydrogen is now the industry standard method for obtaining hydrogen from coal or gas using steam methane reforming.

Green hydrogen has been hailed as the solution to decarbonizing sectors like steel and chemicals that depend on coal, gas, and oil. But compared to other kinds of hydrogen, production costs have often been substantially greater.

The cost of manufacturing hydrogen from fossil fuels has risen above the cost of green hydrogen, according to the analysis, with gas prices surging more than 70% on global markets since the start of the conflict in Ukraine in February.

Fossil fuel hydrogen asset owners in Europe will witness an increase in production costs of almost 50% to $7.60/kg from the average cost of green hydrogen, while new blue hydrogen in Asia will cost 35% more at $6.40/kg and grey hydrogen will cost 29% more than green hydrogen.

By 2030, the production cost of green hydrogen could be as low as $2/kg, down from an average of $3.80 to $5.80/kg before the conflict in Ukraine, if green hydrogen investment continues to grow at its current rate.

According to the research, this puts existing fossil hydrogen assets worth more than $100 billion in danger of becoming stranded assets by 2030.

According to the International Energy Agency, this year has seen an increase in the deployment of renewable energy as nations attempt to wean themselves off of Russian gas.

Since the commencement of the Ukraine crisis, 25 nations have reportedly pledged $73 billion in public and private financing to the production of green hydrogen, with Germany, Morocco, and the United States making the largest commitments.

Share. LinkedIn Twitter Facebook Email

Related Posts

hydrogen

Turning Waste into Watts: Researchers Harness Heavy Metals in Wastewater for Green Hydrogen Production

17/07/2025
hydrogen

Tata Steel to Retire Coal-Based Blast Furnace at IJmuiden in €1.5B Hydrogen-Ready Overhaul

17/07/2025
Copper-Doping Unlocks Stable, High-Performance Sodium-Ion Batteries for Scalable Energy Storage

Copper-Doping Unlocks Stable, High-Performance Sodium-Ion Batteries for Scalable Energy Storage

17/07/2025
hydrogen

Stellantis Halts Hydrogen Van Program, Signaling Broader Industry Retrenchment

17/07/2025
Hygenco Launches Green Hydrogen Supply to Sterlite Technologies

Hygenco Launches Green Hydrogen Supply to Sterlite Technologies

17/07/2025
Hydrogen

Primary Hydrogen Accelerates Natural Hydrogen Exploration with Phase 2 Soil Sampling in British Columbia

16/07/2025
hydrogen

Turning Waste into Watts: Researchers Harness Heavy Metals in Wastewater for Green Hydrogen Production

17/07/2025
hydrogen

Tata Steel to Retire Coal-Based Blast Furnace at IJmuiden in €1.5B Hydrogen-Ready Overhaul

17/07/2025
Copper-Doping Unlocks Stable, High-Performance Sodium-Ion Batteries for Scalable Energy Storage

Copper-Doping Unlocks Stable, High-Performance Sodium-Ion Batteries for Scalable Energy Storage

17/07/2025
hydrogen

Stellantis Halts Hydrogen Van Program, Signaling Broader Industry Retrenchment

17/07/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.