We already have the highest electricity prices in the developed world and UK and European gas prices are many times higher than those in the US and Canada...
BP’s announcement that it had dropped plans for a "green" hydrogen plant has been described as "bitterly disappointing".
Green pie-in-the-sky dream crash lands on the runway of reality.
The first three CfDs have been announced for the Hydrogen Allocation Round 1.
The story of green hydrogen’s fall from grace is eerily reminiscent of past technological bubbles. We saw similar patterns with first-generation biofuels and concentrated solar power. Each time, the lesson is the same:...
So for a hundred million or two, we will get enough hydrogen to power 800 diesel buses!
Bargain!
I understand that there are people moving forward on setting up some of this hydrogen infrastructure, funded with government subsidies. It’s almost impossible to imagine how much subsidies it would take to make such a system...
The punchline here is obvious: everything about the “green” hydrogen push is ridiculous. But billions in federal tax dollars are at stake. That much cash can purchase a heap of ridiculousness.
Bottom line – there is no cost effective, feasible, reliable and scalable replacement for hydrocarbons available, or likely to be available, in the near future...
The gist of the paper is that the existing natural gas infrastructure of storage facilities, pipelines and power plants absolutely cannot be repurposed for use by hydrogen; and indeed, there does not exist any practical way...
...the hydrogen economy requires scads of electricity (a high quality form of energy) to make a tiny molecule that’s hard to handle, difficult to store, and expensive to use.
But has anybody crunched the numbers to see if this can be done economically?
So the road is not only long, but also expensive.
The cost of producing and installing electrolysers for green hydrogen production in China, the US and Europe — three of the world’s biggest markets — has risen by more than 50% compared to last year, research house...
...o generate electrical energy through wind and solar, and using that energy to make hydrogen, would be an exercise in nothing less than . . . profligate stupidity.
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