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PeakOil is You

THE Natural Gas Thread Pt. 2

General discussions of the systemic, societal and civilisational effects of depletion.

Re: THE Natural Gas Thread Pt. 2

Unread postby REAL Green » Tue 08 Sep 2020, 05:43:13

“The One Big Problem With Green Hydrogen”
https://oilprice.com/Alternative-Energy ... rogen.html

“To date, green hydrogen costs between three and six times more to produce than grey or blue hydrogen, according to a senior analyst from Guidehouse quoted by the Wall Street Journal. That is a significant deterrent to the adoption of a technology, but the net-zero drive is changing all this. According to Guidehouse’s Dan Hahn, the cost of green hydrogen production will start going down pretty soon thanks to the investments being made in its advancement… Meanwhile, analysts seem to agree that fossil fuel costs will rise over the next decades, evening the playing field with hydrogen. Wood Mackenzie’s Gallagher, for example, expects the cost of grey hydrogen, the sort produced using coal and gas, to rise by as much as 82 percent by 2040, because of an expected increase in natural gas prices. The cost of blue hydrogen, the sort produced using natural gas combined with carbon capture and storage, is seen rising by 59 percent by 2040, again because of rising natural gas prices. It seems the competitiveness of green hydrogen relies heavily on natural gas prices. If prices do not rise as analysts expect them to, this competitiveness may be compromised, no matter how many billions of energy companies invest in the technology. On the other hand, with the cost of renewable electricity also falling, the cost of producing hydrogen using solar and wind could continue to decline steadily, especially when factoring in excess energy produced by solar and wind farms.”
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