The other reason hydrogen energy is so interesting is that costs have come down dramatically — the cost of producing it from renewable power was 40 times as expensive as the equivalent amount of oil in 2000 and 15 times in 2010. Today we are looking at hydrogen energy being twice the cost of oil, and there is a clear path towards getting a figure as low as half.
Through the agreement, CLH will develop hydrogen production assets and downstream markets in Spain, in the industrial, mobility and power production/storage sectors for distribution to Plug Power customers throughout Europe.
The contract, the details of which have not been disclosed, involves the supply of equipment for buses and is claimed to be the largest project in Europe for this type of vehicle.
Kevin O’Donovan chats with Willi Meixner, CEO of Power Generation Operations at Siemens Gas and Power during the 24th World Energy Congress in Abu Dhabi.
Chief Scientist Alan Finkel says Australia can be a world leader in hydrogen production and export.
The climate target to reduce CO2 emissions in Belgium by 80% by 2050 compared to 2005 levels is a major challenge. Hydrogen has an important role to play in the mix of solutions to achieve results. That is why Deme, Engie, Exmar, Fluxys, Port of Antwerp, Port of Zeebrugge and WaterstofNet are joining forces. A joint study serves as a basis to coordinate delivery of concrete projects that shape the production, transport and storage of hydrogen.
Green hydrogen could become economical in the 2030s, according to BloombergNEF. That assumes policy makers provide incentives to support it. Costs are expected to tumble as electrolysis technology becomes more efficient and production is scaled up. Moves by European governments to increase the cost of carbon dioxide emissions could further tilt the economics of the market in favor of hydrogen.
Hydrogen will be used in the refinery and as green hydrogen fuel for heavy duty vehicles in Denmark.
The portion of the press conference devoted to the next-generation fuel cell car, the 2021 Mirai, begins around minute 19:33.
Heliogen said it is generating so much heat that its technology could eventually be used to create clean hydrogen at scale. That carbon-free hydrogen could then be turned into a fuel for trucks and airplanes.
"If you can make hydrogen that's green, that's a gamechanger," said Gross. "Long term, we want to be the green hydrogen company."