Hydrogen produced from surplus wind and solar energy can become cheaper than natural gas by the 2030s, according to new analysis. Technological advancements such as the mass production of electrolysers will lead to economies of scale and enable lower capital expenditure, analysts at Berlin-based Energy Brainpool claimed. Meanwhile, the higher penetration of wind and solar power in the grid will allow for excess renewable energy to generate storable hydrogen, the analysts wrote in their report for Greenpeace Energy. How far the price of hydrogen produced by renewable energy sources will fall will also depend on “how high the share of renewables in the electricity system is and how much excess current is thus available”, the report’s authors added. Further drops in the costs of wind and solar power will also underpin cost reductions in hydrogen production from renewable energy, the analysts stated.
Wind Power Monthly 24th April 2018 read more »