Green hydrogen produced from renewable energy is set to become cost-competitive with high-emission grey hydrogen by 2030, according to a new study by the Hydrogen Council and consultant McKinsey. “Within five to ten years — driven by strong reductions in electrolyser capex of about 70-80% and falling renewables’ levelised costs of energy (LCOE) — renewable hydrogen costs could drop to about $1-1.50 per kg in optimal locations, and roughly $2-3 per kg under average conditions,” says the report, Path to Hydrogen Competitiveness: A cost perspective.
Recharge 21st Jan 2020 read more »
Perhaps Mr Trump would be persuadable if he were to recognise there is a hard‑headed economic imperative here. He should listen to someone like Marco Alvera, an oil and gas CEO who understands what is going on and has ideas to address it. At a conference in Venice at the weekend, he said we should commit to the one clean energy source that is plentiful, easy to transport and getting cheaper to produce. It is all around us, does not have to be drilled out of the ground in parts of the world favoured with the right geology and does not pollute the atmosphere. It is hydrogen, the most widespread element in the universe. Like many businesses reliant upon carbon-based energy, Mr Alvera’s Italian energy infrastructure company, Snam, has no long-term future unless it adapts because its pipelines, compressors and storage tanks will be useless as oil and gas come under pressure from state actors around the world. They can be used for hydrogen instead.
Telegraph 21st Jan 2020 read more »