According to Kirill Stepanchenko, an expert at VYGON Consulting, the European Union’s hydrogen energy transition will necessitate investments of 130-150 billion euros.
He emphasized that owing to the gas’s high volatility and potential to embrittle steel, it is hard to convert the EU’s key pipelines and underground gas storage facilities to hydrogen soon.
“With this amount of money, Europe will be able to build 53,000 kilometers of hydrogen gas pipes by 2040, as is now planned in European nations.” “However, this estimate ignores the expenses of converting users to the new fuel,” Stepanchenko pointed out.
The Polish Government’s Commissioner for Strategic Energy Infrastructure, Piotr Naimsky, had stated that the government would not pay in rubles for the delivery of Russian blue fuel.
In 2030, “blue” and “green” hydrogen will begin to compete with one another
By 2030, the costs of “blue” and “green” hydrogen will be equivalent, and the two forms of fuel will start to compete. Yury Melnikov, Head of the Hydrogen and Energy Efficiency Department of the Energy Center of the Moscow School of Management SKOLKOVO, made such a prediction during the Russian International Energy Forum in St. Petersburg.
According to him, the cost of “green” hydrogen would be influenced by the prices of renewable energy sources (RES), which are steadily falling.
“Reducing the carbon footprint in the manufacturing of this sort of fuel is one of the primary issues facing hydrogen energy today,” Yuri Melnikov said.
