A report published by market analyst Lux Research states that companies looking to decarbonize their energy trade routes have about 10 years to do so.
According to Lux, by 2030, imported electricity via new high-voltage direct current (HVDC) power lines is likely to become cheaper than low-carbon natural gas turbines. This means that corporations that have renewable energy import infrastructure in place by then, will be able to take advantage of the low prices.
The market analyst’s document states that there will be another tipping point in 2040 when imported liquid hydrogen is expected to be cheaper than low-carbon steam methane reformation.
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