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Current battery storage costs are $143/kWh. The LCOE of solar is <$0.04 now. A hydrogen powered combined cycle peaker plant would have ~60% efficiency. Meani
by onlyrealcuzzo 4y ago
Current battery storage costs are $143/kWh.
The LCOE of solar is <$0.04 now.
A hydrogen powered combined cycle peaker plant would have ~60% efficiency.
Meaning, you should be able to produce solar-hydrogen fuel for $0.04/0.6/(33.6/39) = <$0.08 per kWh.
Why isn't anyone doing this?
Natural gas costs >$3.45/MMBTU = $0.01 per kWh.
That sounds like it's 8x more expensive.
But the wholesale cost of Natural Gas electricity is $0.18 per kWh - meaning going to Hydrogen shouldn't even increase that by 40%. But in the EU, it's already higher than that!
- _hypx 4y agoThere are short-term issues like capital costs and a need for contracts to be set up first. These things can't happen instantly. But beyond that, it is entirely backwardness in thinking that is driving the opposition. Many people simply reject the evidence and are convinced that such low costs are impossible. It is a repeat of those who thought wind and solar could never be cheap. They will be embarrassed in the same way too.