According to The Australian Financial Review, the costs of solar power generation in Australia needs to fall by about two-thirds for green hydrogen to stack up economically, the head of the Australian Renewable Energy Agency says.
ARENA chief executive Darren Miller said green hydrogen economically “does not work today at all, in any circumstances” because the cost structures were still too expensive. The cost of solar generation would need to fall from today’s level of about $60 a megawatt-hour down to $20/MWh for the economics to work for green hydrogen, which offers the hope of emissions-free fuel for heavy industry with few other options to cut their carbon dioxide footprint. https://www.afr.com/policy/energy-and-climate/huge-cost-cuts-needed-in-solar-for-hydrogen-to-work-arena-20241021-p5kk3d
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