The Hunter is in a race to cash in on an emerging global hydrogen market that will be worth an estimated $1.4 trillion by 2050. Goldman Sachs estimates that, if realised, the region's hydrogen exports could eventually replicate if not exceed the value of existing coal exports.
Power and Passion: The Hunter is in a race to cash in on an emerging global hydrogen market
Laying the foundations of the Hunter's hydrogen economy
The investment banking company also estimates that green hydrogen - produced with renewable energy - will reach cost parity with hydrogen produced from gas (blue hydrogen) in some regions by 2025. This would bring the cost of producing a kilogram of green hydrogen to $US1.50.
Not far behind is hydrogen cost parity with diesel in long-haul heavy road transport, which could be reached as early as 2027.
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