‘By 2030, blue hydrogen will make little economic sense’ versus green: BNEF. Latest sector report from researcher forecasts renewables-fuelled H2 will undercut fossils-powered varieties and be cheaper than natural gas by mid-century. Renewables-generated hydrogen is set to “rewrite the global energy map” in the coming decades, with collapsing costs powering the way forward for green H2 to displace both fossils-fuelled blue and grey varieties’ roles in the rapidly emerging market, according to the latest report on the sector from BloombergNEF. The analyst group, in its first-half of 2021 Hydrogen Levelized Cost Update, forecasts that green hydrogen is on track to be cheaper than natural gas by 2050 in 15 of the 28 markets modelled – countries that accounted for one-third of global gross domestic product in 2019 – and undercut both blue and grey H2 on cost per kilogram (kg).
Recharge 7th April 2021 read more »
The world’s first large-scale power station to burn pure hydrogen could be built in Britain this decade by SSE and Equinor to generate enough low-carbon energy to supply more than a million homes. The FTSE 100 energy group and the Norwegian state-backed oil company said that they would work together on plans for the plant at Keadby, north Lincolnshire. At present Britain relies heavily on power stations that burn natural gas, emitting carbon dioxide that causes global warming. Hydrogen burns cleanly and could offer a greener alternative to keep the lights on when wind and solar farms are not generating.
Times 8th April 2021 read more »