The Malaysian Ministry of Science, Technology and Innovation (Mosti) is setting its sights on making hydrogen energy affordable for the local market.
Mosti’s ambitious goal is to bring the cost of hydrogen energy down to 15 sen (sen is a subunit of the Malaysian Ringgit) per kilowatt-hour (kWh) within five years. Currently, hydrogen energy is priced between 60 and 80 sen per kWh in the Malaysian market.
Mosti’s Minister, Chang Lih Kang, emphasizes that the high cost of hydrogen energy is primarily due to the underdeveloped market. As the hydrogen ecosystem matures and more users join the market, production costs are expected to decrease, making hydrogen energy more accessible to a broader range of consumers.
Chang made this announcement during the launch of the Hydrogen Generator (HyPEReactor) by NanoMalaysia Bhd. He also demonstrated his confidence in hydrogen energy by personally testing its use as a fuel in a racing car during the event. This real-world application of hydrogen power highlights its potential as an alternative fuel source, promoting more efficient and sustainable energy solutions.
Chang’s vision aligns with the Hydrogen Economy and Technology Roadmap (HETR) plan. Mosti aims to lead the development of Malaysia’s hydrogen economy by 2050 through this roadmap. By embracing hydrogen technology, Malaysia intends to demonstrate its commitment to environmental improvement, carbon emissions reduction, and a more sustainable energy transition for various industries.
The HETR, launched on October 5, is expected to place Malaysia at the forefront of the global energy transition, turning the nation into a regional leader in the renewable energy industry. Deputy Prime Minister Datuk Seri Fadillah Yusof, speaking on behalf of Prime Minister Datuk Seri Anwar Ibrahim, stressed that the successful implementation of the HETR will position Malaysia to explore the global green hydrogen market. The green hydrogen market is projected to be worth at least US$189.19 billion (approximately RM824 billion) by 2050, underlining the immense economic potential of hydrogen energy.