EnergyWatch

Aker company says high gas prices make green H2 competitive

Green hydrogen production will play a central role in climate change mitigation, and currently high natural gas prices make H2 more competitive, deems CEO of Aker Clean Hydrogen.

Photo: BP

Soaring costs of natural gas currently affecting energy markets are making production of renewable fuels such as green hydrogen more attractive than has been the case so far, according to Norway's Aker Clean Hydrogen.

In a press statement released along with the company's third quarter interim report, Chief Executive Knut Nyborg notes that green H2 production, made via electrolysis powered by renewables, has now reached price parity with hydrogen derived from fossil fuels.

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