• 3 minutes Tesla is the Most American Made Car!
  • 7 minutes Should the US government be on the hook for $15 billion?
  • 9 minutes California breaks 1 GW energy storage milestone
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 50 mins U.S. Presidential Elections Status - Electoral Votes
  • 16 hours China Producing Half of the Worlds Electrical Vehicle Batteries is Experiencing Explosive Pollution
  • 5 hours Withdrawl of American troops from Iraq and its direct impact on crude oil supply
  • 1 hour Severe Drought in the West Will Greatly Reduce Electrical Production from Hydroelectric Turbines.
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.

More Info

Premium Content

Hydrogen Costs Could Be Set To Plunge By 50%

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 study looked at 25,000 data points gathered and analyzed from 30 global companies with cost reductions expected across several different hydrogen applications. These sectors include long-distance and heavy-duty transportation, industrial heating, heavy industry feedstock, and others, which make up about 15 percent of global energy consumption.

Writers of the study see the need for supportive government policies to be adopted in key geographies, along with investment support of around $70 billion in the lead up to 2030 in order to scale up and produce for a much more cost-competitive fuel. The study makes the argument that while it’s a sizable spend, it would account for less than 5 percent of annual global spending on energy. Another comparison was offered. Last year, Germany invested about $30 billion to support renewable energy.

“The…





Leave a comment
  • 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.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News