Will the DOE Hydrogen Shot Succeed in Reducing the Price of Renewable Hydrogen to $1/kg by 2030?
CustomCommodities4y
Manifold MarketsNo KYCVerified resolution dataFairly calibratedCurrent community forecastNo 69.4%
Forecasters
13
Question type
binary
Methodology
Play-money forecasting platform
Source type
Forecast
Market data
Updated 2 hours ago
StaleMay 22, 23, 1:53 AM UTCJan 1, 31, 7:59 AM UTC
Trends
Rules
The U.S. Department of Energy (DOE) announced its first “energy shot” in April 2021, which aims to drive the costs of clean hydrogen down from about $5 per kilogram today to $1 per kilogram by 2030.
- The Hydrogen Shot initiative seeks to reduce the cost of clean hydrogen by 80% to $1 per kilogram in one decade.
- If the Hydrogen Shot goals are achieved, scenarios show the opportunity for at least a 5-fold increase in clean hydrogen use.
- A U.S. industry estimate shows the potential for 16% carbon dioxide emission reduction by 2050 as well as $140 billion in revenues and 700,000 jobs by 2030.
- This prediction market will resolve yes if a credible index of either US or global leveled renewable hydrogen prices to be at or below $1/kg by the end of 2030.
