How Is KR 9.3 Tracking?
Green hydrogen is a fuel made from water by using solar and wind power. It holds tremendous promise for decarbonizing energy-intensive industries.
Innovations are needed to make this zero-emissions fuel competitive with the fossil fuels now used by industries that require extreme heat: steel, cement, and chemicals.
The Green Hydrogen key result speeds us toward broad adoption of this game-changing fuel. Hitting the interim target of $2 per kg will require greater clean energy capacity as well as higher efficiency in converting water into hydrogen fuel.
Data for KR 9.3 is sourced from BloombergNEF’s Hydrogen Levelized Cost report, which updates biannually.