The Hidden Cost of Cheap Hydrogen: Why Grey H2 Dominates Despite Climate Concerns

London, Friday, 22 November 2024.
While grey hydrogen remains the cheapest form at £1.50-2.50/kg and dominates 99.7% of Europe’s hydrogen market, it comes with a staggering environmental price tag: 9-12 tonnes of CO₂ released per tonne produced. As nations race towards net-zero goals, this cheap but dirty hydrogen faces increasing pressure from green alternatives and policy changes.