'Green Hydrogen' From Renewables Could Become the Cheapest 'Transformative Fuel'
"Green hydrogen" made with wind and solar electricity could become the cheapest form of what the Australian government has described as a "transformative fuel" much faster than expected, analysts believe. Chinese manufacturers have reported making systems to create hydrogen with renewable energy for up to 80% less than official Australian estimates from just two years ago.
Energy analysts said it suggested green hydrogen was likely to leapfrog hydrogen made with gas and coal as the most cost-effective form of the energy before the end of the decade, and by the time an industry could be developed at scale... Germany has dedicated more than A$15bn of Covid-19 stimulus spending to developing a domestic hydrogen industry, and has agreed with Australia to undertake a joint feasibility study into its potential as an energy source. The European Commission recently launched a strategy that positions green hydrogen as central to the continent's goal to reach "climate neutrality" — net zero emissions — by 2050...
The hope is that hydrogen will prove an emissions-free alternative to coal and gas in industries that operate at incredibly high temperatures.
"Green hydrogen" made with wind and solar electricity could become the cheapest form of what the Australian government has described as a "transformative fuel" much faster than expected, analysts believe. Chinese manufacturers have reported making systems to create hydrogen with renewable energy for up to 80% less than official Australian estimates from just two years ago.
Energy analysts said it suggested green hydrogen was likely to leapfrog hydrogen made with gas and coal as the most cost-effective form of the energy before the end of the decade, and by the time an industry could be developed at scale... Germany has dedicated more than A$15bn of Covid-19 stimulus spending to developing a domestic hydrogen industry, and has agreed with Australia to undertake a joint feasibility study into its potential as an energy source. The European Commission recently launched a strategy that positions green hydrogen as central to the continent's goal to reach "climate neutrality" — net zero emissions — by 2050...
The hope is that hydrogen will prove an emissions-free alternative to coal and gas in industries that operate at incredibly high temperatures.
