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Hydrogen doesn't suddenly appear to create a new kind of market, like sudden availability of jetpacks would. Burning remainders of dinosaurs is on the decline.
by someweirdperson 4y ago
Hydrogen doesn't suddenly appear to create a new kind of market, like sudden availability of jetpacks would.
Burning remainders of dinosaurs is on the decline. It is frowned upon by many due to CO2, it is not always readily available (see current war), and finally supply is limited. This leads to a decrease of availability, and at continuing demand an increase in price. Unavoidable.
Prduction of electrical power from renewables is the cheapest form available already today. Also, it can scale without any practical limit. Power just isn't always available when needed, with surplus production at other times. Any improvement in storage cost (mainly device cost, much less efficiency) decreases the price of power from storage.
At some point, the price of power from storage will drop below the price of power from fossil fuels. No magic step will be needed, simply increasing/decreasing prices will meet at some point.