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Siemens Gamesa lays out plan to drive down cost of ‘green’ hydrogen

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Wind turbines in Brandenburg, Germany.

Patrick Pleul | picture alliance | Getty Images

So-called “green” hydrogen production using onshore wind turbines could achieve price parity with fossil-based hydrogen by the year 2030, according to a white paper from Siemens Gamesa Renewable Energy.

In a statement on Wednesday the firm — a major player in wind turbines — also said that green hydrogen produced using wind from the offshore sector could achieve price parity by 2035.

The above scenarios were dependent on having “appropriate policy frameworks and market mechanisms in place,” the statement said. 

Siemens Gamesa’s white paper outlines four key areas to help drive costs down: increasing…



Source cnbc.com

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