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Jon LeSage

Jon LeSage

Jon LeSage is a California-based journalist covering clean vehicles, alternative energy, and economic and regulatory trends shaping the automotive, transportation, and mobility sectors.

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Hydrogen Costs Could Be Set To Plunge By 50%

Hydrogen fuel

While Elon Musk and other naysayers have condemned hydrogen, the energy is expected to see a breakthrough over the new decade:  a 50 percent cost reduction — making it highly competitive with traditional fuel and low-carbon alternatives.

That comes from a new study by Hydrogen Council and McKinsey & Co., Path to Hydrogen Competitiveness: A Cost Perspective. The report outlines three core market drivers: a steep drop in production costs, higher load utilization cutting distribution and refueling costs, and additional cost drops from scaling up of end-use equipment manufacturing.

“The Hydrogen Council believes that the report’s findings will not only increase public awareness about the potential of hydrogen to power everyday lives, but also debunk the myth that a hydrogen economy is unattainable due to cost,” said Euisun Chung, executive vice chairman of Hyundai Motor Group and co-chair of the Hydrogen Council. “If we are to reach our global climate goals by mid-century and reap the benefits of hydrogen, now is the time to act.” Related: This Shale Giant Is Ready For A Rebound

Hydrogen critics continue to waive flags of warning about the energy really succeeding.

S&P Global Platts’…





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  • Jerry Roane on January 21 2020 said:
    Guideway electric vehicles will drop the energy used by 7/8th from the average US sedan. Hydrogen to power vehicles will be far less than assumed today. PV solar is compatible with real time harvesting of energy so no need to use hydrogen energy storage with it's losses. HEFF is at the DOE and their official response was "discouraged". Freight using the sun's radiation will switch oil from a resource to burn to better uses.

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