The cost of producing hydrogen gas with renewables is likely to plummet in the coming decades, making one of the most radical technologies for reducing greenhouse gases economical. That’s the conclusion of an analysis by BloombergNEF, which said the most abundant element is likely to play a growing role in reducing pollution from power producers and industry. Cost to produce the fuel is seen falling up to 80% by 2030.
Bloomberg 22nd Aug 2019 read more »
A $3.1 million pilot project to produce green hydrogen via electrolysis at an existing gas facility in Queensland has won $950,000 in funding from the Australian Renewable Energy Agency. ARENA on Friday announced the funding for gas company BOC, to install a 220kW electrolyser and a 100kW solar array at its Bulwer Island gas facility in Brisbane. The electrolyser, supplied by ITM Power, will be configured to produce hydrogen via electrolysis drawn from the onsite solar or grid sourced renewable energy via a power purchase agreement. It would also reduce the need to transport fossil fuel hydrogen, which BOC currently produces at its Altona steam methane reformer in Melbourne. The project comes amid a major global push to develop renewable hydrogen technology and infrastructure, as a potential key player in Australia’s increasingly renewable grid. At this stage, the cost and difficulty of making it has confined renewable hydrogen to niches applications, but Bloomberg New Energy Finance believe the cost will likely plummet in coming decades – making projects like Bulwer Island all the more important. “Once the industry scales up, renewable hydrogen could be produced from wind or solar power for the same price as natural gas in most of Europe and Asia,” Kobad Bhavnagri, BNEF’s head of special projects, said in the report on Wednesday.
Renew Economy 23rd Aug 2019 read more »
While electrification and fuels, like hydrogen, both come with their own set of challenges, they both have important roles to play. When electricity from low-carbon generation is substituted for fossil fuels, we can achieve significant reductions in CO2 emissions. With its zero-carbon potential and the role it can play in increasing demand for renewable energy, hydrogen has an important role in our energy transition and is a key complement to electrification.
Rocky Mountain Institute 20th Aug 2019 read more »