New ABB software cuts green hydrogen production cost by 20%

Swedish-Swiss tech giant ABB has launched an energy management system that reduces the cost of green hydrogen production by 20% by providing a producer with real-time visibility of its energy consumption.  

Green hydrogen produced via electrolysis – the process of using electricity from renewable sources to split water into hydrogen and oxygen – involves high production costs and energy-intensive processes. According to the Green Hydrogen Catapult, a global initiative made up of leading energy companies, to scale up production capacity to the 50 times required, the cost to produce green hydrogen needs to drop by 50% to less than $2 per kilogram by 2026.  

Read article here:www.energymonitor.ai/tech/hydrogen/new-abb-software-cuts-green-hydrogen-production-cost-by-20