Here's hoping enough projects will pop up in the meantime once production and industrial capacity scales up but no one even seems to be trying to make that happen ?
H2 projects are very expensive so need project finance. You can't get project finance unless you can prove strong revenue. GH2 expensive at the moment so no customers willing to commit to large volumes over multiple years. Without multiple projects no economies of scale to drive down price.
I see this post as misleading. We have seen through explosive growth in renewable energy technologies including solar, wind, Lithium storage and many more that the past has no real influence on the future. Not having aspirations is despondency. It is easy to be a despondent than an activist.
This is a poor take. There still are no tax credits to actually make this happen. The Biden Administration has yet to come out with 45V interpretation. Until then, no projects.
There are multiple low carbon fuels standard programs that provide revenue for hydrogen vehicle refueling. California LCFS, OR CFP, WA CFS, BC LCFS, Canada CFR, German THG, etc. the reason hydrogen hasn't taken off is it's more expensive than electric vehicles when given the same incentives.
The LCFS is provided to hydrogen station operators, not hydrogen producers, so it has a very limited incentive function to dedicated renewable hydrogen production. There is no effective bankable hydrogen production incentive at this time, unlike solar, wind, geothermal, etc.
Electrolysis is expensive and other methods are still being developed and improved. Furthermore, the hydrogen reserves in the earth’s crust are not yet being used.
Thanks for posting. It actually is a very funny chart, although pretty pitiful creative to over ambitious and uninformed target setting or hugely delayed & imperfect implementation.
More seriously - I assume we're a couple of months out from seeing this data plastered everywhere as an argument against the three pillars, and in favor of subsidizing grey hydrogen as a transition tool.
I'm curious, why is that? Is it sort of like, "Look how badly hydrogen needs more support and weaker rules; it's not on track for its target and the only solution is changing the definition of 'low emissions'" kinda thing?
Yeah, exactly that. Circular logic: If H2 is necessary for decarb, then decarb policies should help it. If it isn't rapidly growing, then decarb policies must not be helping it. Because it's necessary for decarb, we can safely weaken the clean standards in order to ensure it starts rapidly growing.
There’s genuinely a coal mine in Queensland putting in 8 wind turbines. (Of course they are on protected vegetation. )
I understand that the energy will be used to power the mine.
Same logic being AI at the moment, it's ok to rapidly scale and bring a bunch of ffs online to power it all, because it's going to dig us out of the even bigger hole it helps dig us into, right?
I don't know but I don't think it's too cynical! imo one of the consequences of the last decade's love affair with prescriptive energy-system modelling is that many policy folks are now far less skeptical of prod. targets, which are increasingly being presented and received as objective necessities.
Isn't hydrogen (in this context) basically a way of storing and moving around energy, not generating it. So it's literally of secondary importance, if batteries are getting better fast enough?
Not at all. The world currently produces & consumes 90 million tpy used chiefly for taking sulfur out of Petroleum, producing ammonia and producing methanol, none of which requires moving the hydrogen anywhere. These processes are responsible for close to 5% global CO2 emissions & must be addressed.
My understanding is that the problem is on the demand side, not the supply side. No customers. Maybe they are deciding to work on full electrification instead?
Comments
https://youtu.be/xpImlufArwk?si=kJl_bRU2MtzMflqD&t=191
yes I know people really say that but I am being sarcastic , honest.
I understand that the energy will be used to power the mine.
https://royalsociety.org/topics-policy/projects/low-carbon-energy-programme/large-scale-electricity-storage/