Hydrogen prices to remain high for decades to come, analysts warn

The research firm expects prices for such 'gray' hydrogen to remain largely the same through mid-century

Only two markets — China and India — are likely to see green hydrogen become cost-competitive, according to BloombergNEF.

Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future, but it will remain far more expensive than previously thought for decades to come, according to an estimate from BloombergNEF.

Hydrogen companies worldwide are already struggling with cancelled projects and sluggish demand.