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Both means, Herndon thinks green hydrogen at $2/kg to $3/kg by 2030 is "optimistic." As an alternative, she predicts much of the world’s hydrogen capacity will nonetheless come from blue hydrogen pairing current pure gasoline plants with carbon seize. The US Division of Vitality has a "Hydrogen Shot" initiative to achieve $1/kg by 2030. And China’s state-owned industries, mindful of the country’s 2060 internet-zero target, have already announced massive green H₂ initiatives boasting 300 MW electrolyzers, dwarfing any of these in Europe. In the previous few years, the pipeline of green hydrogen projects has grown 5-fold: 350 initiatives at the moment are slated by way of 2030 expected to obtain $500 billion in financing and subsidies

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