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Calling green hydrogen cheap is a bit of a stretch. The Swedish government produced a government report on the viability of it a couple/few years ago and the pr
by belorn 4y ago
Calling green hydrogen cheap is a bit of a stretch. The Swedish government produced a government report on the viability of it a couple/few years ago and the price was around 10x compared to nuclear, and that just for producing it. Storage and transportation would be additional costs on top. There is a reason why there aren't any current investments Sweden/Finland/Germany in order to create green hydrogen for energy production. (There are project to create green hydrogen in industries that explicitly need the hydrogen itself, in which case the cost calculations is much better).
In practice we should simply apply the open market and allow energy companies to bid for direct decommission of existing capacity in fossil fuel energy plants. If a commercial company can produce a combined renewables + storage solution that is cheaper than nuclear then that is a major win-win for everyone involved. If it is a bit more expensive than nuclear than it might still be worth it, but then the question is how much more. The combination that should not be allowed to bid is the combination of renewables + fossil fuels, and if needed, laws should be added to that effect.
- ncmncm 4y agoThere is not need to transport hydrogen when it can be made right on the spot where it is needed. Cost of green hydrogen is in free fall, just like all storage media, as factories ramp up.
- belorn 4y agoIt has a lot of distance to fall before it becomes economical viable.
- ncmncm 4y agoIt pleases you to believe so, but as was the case for solar PV, wind turbines, and batteries before it, literally all hydrogen electrolysis needs now is manufacturing volume.
- belorn 4y agoIf your crystal ball has made you so convinced then put your money where your mouth is. Go out and start producing green hydrogen for power and try compete on the open energy market. 10x more expensive than nuclear is sure to be a winner.