How Green Hydrogen Became the Cost Killer

Green hydrogen is often sold as the holy grail of decarbonization, but the economics are brutal. In this episode, we look at why a specific project in North Dakota is flipping the script on production costs. We break down how falling renewable energy prices and cheap geothermal power have pushed green hydrogen below one dollar per kilogram, challenging the assumption that it will always be three times more expensive than grey hydrogen. Lucas and Luna examine the supply chain bottlenecks, the role of ammonia conversion, and whether this cost parity can actually scale beyond pilot projects to replace natural gas in industrial heating by 2030.

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