The cost of producing green hydrogen — made by splitting water using renewable electricity — has fallen by roughly 60 percent since 2015. On current trajectories it will reach cost parity with natural gas in several markets before 2030.
The problem is not production. It is everything that happens next. Hydrogen is difficult to store, expensive to compress, and requires either dedicated pipelines or conversion to a carrier molecule like ammonia before it can be moved at scale.
The countries making the most progress — Australia, Chile, Morocco — share a common characteristic: they are building for export from the start, which forces the infrastructure question rather than deferring it.
