Offshore Wind-to-Hydrogen about to get big

Wind Industry Profile of

Offshore wind could become an important way to produce hydrogen at scale. The project pipeline is growing rapidly, costs are falling and non-economic factors are poised to boost uptake. BloombergNEF estimates that a mid-range price for offshore wind-to-hydrogen will be around $7/kg in 2025, dropping to $1/kg by 2050.

The rise of offshore wind-to-hydrogen The growing need to reduce emissions beyond the electricity sector has ignited interest in renewable hydrogen (H2). Offshore wind is one way to produce renewable hydrogen at scale. It is early days but the project pipeline is growing rapidly, with over 17GW of announced electrolyzer capacity. Orsted, RWE, Siemens and Shell are among those with projects in the pipeline. Offshore wind-to-hydrogen... ... More: Official Press Release Bloomberg NEF

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