Green hydrogen could become economical in the 2030s, according to BloombergNEF. That assumes policy makers provide incentives to support it. Costs are expected to tumble as electrolysis technology becomes more efficient and production is scaled up. Moves by European governments to increase the cost of carbon dioxide emissions could further tilt the economics of the market in favor of hydrogen.
Hydrogen will be used in the refinery and as green hydrogen fuel for heavy duty vehicles in Denmark.
The portion of the press conference devoted to the next-generation fuel cell car, the 2021 Mirai, begins around minute 19:33.
Heliogen said it is generating so much heat that its technology could eventually be used to create clean hydrogen at scale. That carbon-free hydrogen could then be turned into a fuel for trucks and airplanes. "If you can make hydrogen that's green, that's a gamechanger," said Gross. "Long term, we want to be the green hydrogen company."