Path to Hydrogen Competitiveness: A Cost Perspective<\/a>. The new report shows that hydrogen will rapidly achieve cost parity with many low-carbon alternatives and even some conventional ones by 2030 \u2013 far sooner than previously expected. Significant cost reductions (up to 50%) are expected across 20+ different applications, such as long-distance and heavy-duty transportation, industrial heating, and balancing of the power system, which together comprise roughly 15% of global energy consumption \u2013 a material opportunity.<\/p>\n![\"\"](\"https:\/\/hydrogencouncil.com\/wp-content\/uploads\/2020\/01\/Cost-image.png\")
To deliver on this opportunity, supporting policies will be required in key geographies, together with investment support of around $70 billion in the lead up to 2030. While this figure is sizable, it accounts for less than\u00a05% of annual global spending on energy. For comparison, support provided to renewables in Germany totaled\u00a0roughly $30 billion in 2019.<\/p>\n
Read more in the report: http:\/\/bit.ly\/CoststudyPR #Hydrogen2020 #CleanEnergy<\/p>\n","protected":false},"excerpt":{"rendered":"
It’s been an inspiring week for Plug Power – whose CEO, Andy Marsh joined 80+ energy, transport and industry leaders in Paris at the 4th annual Hydrogen Council CEO Event to discuss strategies to accelerate a clean energy future with hydrogen.\u00a0 As we kick off 2020, we have big ambitions for hydrogen scale-up as a ...<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5057","post","type-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"aioseo_notices":[],"yoast_head":"\n
Hydrogen Cost to Fall Sharply and Sooner than Expected - Plug Power<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.plugpower.com\/blog\/hydrogen-cost-to-fall-sharply-and-sooner-than-expected\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hydrogen Cost to Fall Sharply and Sooner than Expected - Plug Power\" \/>\n<meta property=\"og:description\" content=\"It’s been an inspiring week for Plug Power – whose CEO, Andy Marsh joined 80+ energy, transport and industry leaders in Paris at the 4th annual Hydrogen Council CEO Event to discuss strategies to accelerate a clean energy future with hydrogen.\u00a0 As we kick off 2020, we have big ambitions for hydrogen scale-up as a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.plugpower.com\/blog\/hydrogen-cost-to-fall-sharply-and-sooner-than-expected\/\" \/>\n<meta property=\"og:site_name\" content=\"Plug Power\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PlugPowerInc\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-22T16:06:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-01T14:28:03+00:00\" \/>\n<meta name=\"author\" content=\"Sandra Saathoff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@plugpowerinc\" \/>\n<meta name=\"twitter:site\" content=\"@plugpowerinc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sandra Saathoff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.plugpower.com\/blog\/hydrogen-cost-to-fall-sharply-and-sooner-than-expected\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.plugpower.com\/blog\/hydrogen-cost-to-fall-sharply-and-sooner-than-expected\/\"},\"author\":{\"name\":\"Sandra Saathoff\",\"@id\":\"https:\/\/www.plugpower.com\/#\/schema\/person\/0e7d15076cfe5602678fd8ebd20884f3\"},\"headline\":\"Hydrogen Cost to Fall Sharply and Sooner than Expected\",\"datePublished\":\"2020-01-22T16:06:08+00:00\",\"dateModified\":\"2020-07-01T14:28:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.plugpower.com\/blog\/hydrogen-cost-to-fall-sharply-and-sooner-than-expected\/\"},\"wordCount\":256,\"publisher\":{\"@id\":\"https:\/\/www.plugpower.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.plugpower.com\/blog\/hydrogen-cost-to-fall-sharply-and-sooner-than-expected\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/hydrogencouncil.com\/wp-content\/uploads\/2020\/01\/cost-study-cover.png\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.plugpower.com\/blog\/hydrogen-cost-to-fall-sharply-and-sooner-than-expected\/\",\"url\":\"https:\/\/www.plugpower.com\/blog\/hydrogen-cost-to-fall-sharply-and-sooner-than-expected\/\",\"name\":\"Hydrogen Cost to Fall Sharply and Sooner than Expected - 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climate challenge.<\/h4>\n