New research estimates that deploying around 140 GW of green hydrogen generation capacity by 2050 could make green hydrogen economically viable in Europe.
Reaching this scale would help balance system costs and increase renewable integration, making green hydrogen a self-sustaining technology without subsidies.
The study used a comprehensive approach to evaluate the economic viability and strategic value of green hydrogen as a flexibility source within the European power system by 2050.
The researchers estimated the average long-term green hydrogen price at €30 ($32)/MWh and identified countries like Germany, France, the UK, Italy, Spain, and Norway as having strong potential for green hydrogen development.