Will the hydrogen color palette be expanded after Magma Power came out claiming that baseload electricity at $10/MWh from geothermal will slash the price of renewable hydrogen. This is still effectively green hydrogen as if powered by wind and solar, but if nuclear-powered is called pink hydrogen – maybe we need a new one for geothermal? Magma Power, a Florida-based start-up founded in 2022, is making headlines with its geothermal technology. The company has recently secured 11 patents related to this technology, which is aimed at producing green hydrogen at unprecedentedly low costs. Magma Power claims it can generate baseload electricity for less than $10/MWh and therefore produce green hydrogen for under $1/kg. The core of Magma Power’s approach involves…