Clean hydrogen could be virtually zero cost, US energy diplomat tells London Indaba

The main founders of the Inflation Reduction Act envision the US legislation as a clean energy bill to lower the costs of green energy technologies for everyone around the world as well as being a model that may be emulated by especially those countries that have benefitted from emitting carbon into the air since the start of the Industrial Revolution.

Such countries could introduce their own versions of the Inflation Reduction Act to drive down prices even further for global benefit, US Department of State Bureau of Energy Resources Office of Energy Transformation acting director Scott Woodard told this week’s London Indaba.

“If you looked at estimates of what electrolysers to generate clean hydrogen were going to cost and how long it was going to take, it was a decade away and they were going to be expensive for a while.

“Now, estimates say that we could be seeing 10 GW electrolysers in the next two, three years and clean hydrogen could be virtually zero cost,” Woodard said in response to London Indaba chairperson Bernard Swanepoel during question time.