Russia’s invasion of Ukraine has pushed the cost of hydrogen produced from fossil gas way beyond that of H2 made from renewable power, Rystad Energy said.

As the cost of grey hydrogen (made from unabated fossil gas) and blue hydrogen (made from gas linked to carbon capture and storage) surge in line with rising fossil fuel prices, the feasibility of green hydrogen (produced from renewables via electrolysis) as an affordable and secure source of renewable energy in Europe is growing, the research company said.