The following submission statement was provided by /u/yourSAS:

Speaking at the annual energy event of KPMG, Enrich 2022, Mathur said the decline in solar prices will help produce green hydrogen at reduced costs.

In the last five years, the cost of solar electricity has dropped by almost 30 percent which has also contributed to the reduced cost of hydrogen, he added.

“In areas which have good solar insulation, we will start seeing solar hydrogen becoming competitive with gas-based hydrogen even now,” Mathur said regarding the implications of a reduction in solar prices.

Manufacturers of electrolysers are now looking at much larger scales which has brought down costs with far lower risks. Therefore, hydrogen is being produced from electrolysis of water at far lower costs.

He expects solar prices to fall approximately 30 percent by 2030

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