IEA: Low-Carbon Hydrogen Needs Major Cost Cuts

The use of low-carbon hydrogen and ammonia in fossil fuel plants could be key to ensure security in electricity supply while the world is moving toward cleaner energy sources, the International Energy Agency (IEA) said in a new report. The agency noted, however, that production costs of low-carbon hydrogen and ammonia fuels need to fall significantly in order to be competitive with other forms of energy, including fossil fuels.

Low-carbon fuels can play an especially important role in countries or regions where the thermal fleet is young, or when…