So far, the biggest challenge for hydrogen energy is its “price tag”. Compared with other energy sources, the high cost often makes hydrogen energy out of reach. But the World Economic Forum (also known as Davos) believes that this situation is about to change. A few days ago, the latest report “Path to hydrogen competitiveness-A cost perspective” released by the Davos Hydrogen Council showed that by large-scale expansion of hydrogen energy production, distribution, equipment and component manufacturing, the cost of “hydrogen solutions” is expected to be reduced by 50% in wide application by 2030, and hydrogen energy will become a competitive alternative energy.
