BNEF predicts a sharper decline in the green H2 price by 2050 – SPE

BloombergNEF said green hydrogen will fall from the current price range of $3.74/kg to $11.70/kg to between $1.60/kg and $5.09/kg by 2050, citing higher-than-expected future costs for electrolyzers. “BNEF had forecast steep declines in the price of green hydrogen in the past, but … has more than tripled its 2050 cost estimate, citing higher future costs for the electrolyzers,” the company said in an emailed note. Green hydrogen will remain much more expensive than previous forecasts in the coming decades, it added, predicting that only China and India are likely to see green hydrogen become cost-competitive with gray hydrogen by 2040. “There, the cleaner fuel will reach a price comparable to gray hydrogen in 2040.”

HydrogenPro said it has secured approximately NOK70 million ($6.14 million) in new equity through a private placement of shares to existing shareholders Andritz and Mitsubishi Heavy Industries. The Norwegian company has also signed an investment agreement for a conditional capital investment of NOK 70 million from Longi Hydrogen, in addition to a cooperation agreement with the same partner. The subscription price for the private placement and Longi investment is NOK 5.50 per share, compared to NOK 4.50 per share on December 20, 2024. said HydrogenPro.

Green hydrogen systems said it has completed a reduction in its nominal share capital as part of its preparations to raise new capital and strengthen its capital base. It has also secured a subordinated short-term fixed loan facility of DKK80 million ($11.15 million) from its two largest existing lenders, maturing on June 30, 2025, to support operations until at least March 2025. in close discussions with its largest shareholders over the past three months. “These discussions continue to progress in a constructive manner but require additional time to conclude.” added the Danish company.

Popular content