EnergyWatch

Siemens Gamesa eyes competitive green hydrogen in 2030

Green hydrogen produced with onshore wind power will be able to hit cost parity with fossil H2 ten years from now – with offshore wind achieving the same in 2035, the OEM says but adds that drastic changes will be needed to accomplish as much.

Photo: Siemens Gamesa

Some time back, a flock of Siemens Gamesa personnel went around near Northern Denmark's Brande, tinkering with what almost seemed to begin as a hobby project. Out in the wider world, the first dark clouds were beginning to dissipate, heralding a renaissance for the very idea they were exploring: hydrogen produced from water and renewable energy in an electrolysis system.

Since then, the concept of green H2 has expanded with practically exponential speed with no immediate signs of calming. Unlike the hype surrounding the same technology back in the 1990s, this time around the emergent business segment is enjoying a lot of tailwind from policymakers and investors alike – a fact that prompts ambitions to rise on an almost daily basis alongside optimism that the green gas' productions cost will fall.

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