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Rapid development could push cost of hydrogen below $2/kg in the next 10-20 years, analysts say

The number of announced hydrogen projects suddenly jumped at the height of Covid-19 in 2020, and then almost doubled again in 2021, van Dorsten said. Exponential growth seems set to continue — announcements from the first quarter of 2022 are already equivalent to 25% of the total project pipeline, van Dorsten said.

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