Markets - 17/June/2019

The business case for hydrogen remains elusive

Questions around definitions, targets and the funding of green hydrogen in Europe still need answering

Costs for hydrogen produced from renewable energy through electrolysis are coming down and the technology is increasingly heralded as a clean energy carrier for the future, but there are hurdles to overcome before a clear business case for green hydrogen can be made


Cost: Experts forecast that by 2030 the falling cost of both renewable energy and electrolysis technology could make production of green hydrogen as cheap as chemically synthesising grey hydrogen from fossil fuel gas

Needs: For hydrogen made from renewable energy to be competitive with alternatives the technology requires an abundant supply of cheap green energy, a high carbon price on fossil fuels and supportive regulation

Key quote: “Hydrogen can be a winner in the energy transition if industry works with us, if we are smart enough to set the right framework and we move hydrogen out of the niche market where it is stuck today into a broader mainstream.”


Hydrogen is not the future, it is the now, insists Thierry Lepercq from Solairestream, a French company. “We are at the tipping point,” he says. Once green hydrogen can be produced at $1.5 a kilogram, it becomes a competitive option as an energy carrier if fossil fuels, from which hydrogen is traditionally derived, are loaded with a “reasonable carbon price”. Lepercq was speaking at a workshop organised by SolarPowerEurope in Brussels at the end of May 2019. ...

Try FORESIGHT - 30 days for €29

Already a subscriber?

Login



Comments are closed.

Related articles

Tjisse Stelpstra, Regional Minister of the Province of Drenthe, the Netherlands, offers an invitation to join policymakers and investors at EU Sustainable Energy Week to discuss the Northern Nether-lands’s plans to build a hydrogen economy

Hydrogen: making the energy transition deeper and cheaper

Tjisse Stelpstra, Regional Minister of the Province of Drenthe, the Netherlands, offers an invitation to join policy makers and investors at EU Sustainable Energy Week to discuss plans by the Northern Netherlands to build a hydrogen economy

Read more

On the same day that another earthquake hit Groningen, a province in the Northern Netherlands, our region was present in Lyon, France, to launch a new European Hydrogen Valleys Partnership that will help regions like ours achieve a full transition from natural gas to green hydrogen, says regional minister of the Province of Groningen Patrick Brouns

Hydrogen: the new business model for our region

On the same day that another earthquake hit Groningen, a province in the Northern Netherlands, our region was present in Lyon, France, to launch a new European Hydrogen Valleys Partnership that will help regions like ours achieve a full transition from natural gas to green hydrogen, says regional minister of the Province of Groningen Patrick Brouns

Read more

The Dutch provinces of Groningen and Drenthe have drawn up a €2.8 billion plan to turn their region into a “hydrogen valley” and be a springboard for the hydrogen economy globally, explains Ulco Vermeulen, Director Business Development at Gasunie

Hydrogen: the Northern Netherlands is ready

The Dutch provinces of Groningen and Drenthe have drawn up a €2.8 billion plan to turn their region into a “hydrogen valley” and be a springboard for the hydrogen economy globally, explains Ulco Vermeulen, Director Business Development at Gasunie

Read more

New Mexico’s ways of managing a just transition for the climate and workers is being watched closely across the US

How a just transition for US coal workers is becoming reality

New Mexico’s ways of managing a just transition for the climate and workers is being watched closely across the US

Read more

Trucks and ships could be two means of transport running on hydrogen gas, produced using electricity, in the coming years

Hydrogen makes its case as a niche clean transport option

Trucks and ships could be two means of transport running on hydrogen gas, produced using electricity, in the coming years

Read more