Linde have produced a new report that shows moderate costs to build a hydrogen infrastructure throughout Europe by 2020.
With a total value of around €3.5 billion, the cost of developing a hydrogen infrastructure in Europe by the year 2020 is significantly lower than previously believed. That is the conclusions of a study of the economic feasibility of a hydrogen infrastructure presented today in Berlin by the Linde technology group as part of “International Hydrogen Day”.
The author of the study, renowned energy expert David Hart, introduced its contents to approximately 200 participants from the economy and media. The study states facts and figures and puts costing on a firm footing. Some of the main findings were that, based on Germany, the infrastructure to supply 1.9 million cars with hydrogen would cost around €870 million. The study also said that a centralised hydrogen production and storage could provide hydrogen for 41 million vehicles if approximately €18.5 billion were invested. Investors who were willing to invest in the implementation of a hydrogen infrastructure would expect to see profits after 10 to 15 years. Furthermore, the price for hydrogen was reported as half the price of fuel. It said that due to high taxes on fuel, hydrogen could already be competitive today.
These figures were compared to other projects abroad. China is investing $36 billion USD in preparation of the Olympic Games, the Eurofighter coasts €24 billion, €5.5 billion were required for building the rail track between Cologne and Frankfurt, and 99km of motorway from Gottingen to Halle has a budget of €1.2 billion.
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