Power plants that run on hydrogen could be cost-competitive with those using fossil fuels by the middle of the century if governments double the cost of carbon pollution. The findings in a report by BloombergNEF show the main challenge blocking hydrogen from the grid remains an economic one. Policy makers and companies are studying how to use the lightest element as a way to slash emissions from industrial processes, since hydrogen creates no greenhouse gases when it’s burned. Burning hydrogen for electricity could work economically in some countries by 2050 if emission prices rise to $55 per ton of carbon dioxide, the BNEF report found. The research group assumes a natural gas price of at least $6.50 per million British thermal units.
Bloomberg 14th Jan 2020 read more »
Energy Voice 15th Jan 2020 read more »