This study estimates the evolving costs of blue hydrogen production and to further examine the economic effect on technological evolution of the Inflation Reduction Act’s tax credits for carbon sequestration and clean hydrogen.
Hydrogen and hydrogen-based fuels could offer potential solutions to meet the projected increase in energy demand and consumption. However, as an important surplus energy, hydrogen needs to be stored for later use. Geological storage is an efficient and low-cost option for storing large volumes of hydrogen. Among the geological storage options, saline aquifers are considered the most cost-effective for underground hydrogen storage (UHS).
