
Green Hydrogen Hype Is Giving Way to Reality. A raft of projects to produce green hydrogen have been abandoned as expectations for tumbling costs failed to materialize. It will remain far more expensive than previously thought for decades. “The industry has over-promised and under-delivered.”
https://www.bloomberg.com/news/newsletters/2024-12-23/green-hydrogen-hype-is-giving-way-to-reality
by mafco
10 comments
Google “Bloomberg Hydrogen” and look at the news articles. Bloomberg is all over the map on “no one wants hydrogen” to “New hydrogen investment announced”
Similarly, look at news articles in general on Battery EVs from 2005-20011
Sunhydrogen has been doing well with two prototypes , a traditional solar panel with green hydrogen production and a nano membrane panel with the help of honda.
Both options are being scaled up for the next demo, then after that final scaling goals/demo for production.
Probably still a couple years away but latest report was a 10% hydrogen production rate.
Ammpower will be making green ammonia in ukraine with a grant from usa with a demo plant “someday” too.
hydrogen is only really useful if you have an industrial process that needs it, like a big steelmill right next to the generation
For those of you who have access to Medium, this guy has the analysis and numbers regarding hydrogen — and it isn’t promising. https://medium.com/the-future-is-electric/hydrogen-market-will-shrink-not-grow-9b3a6a8ac5d3
Hydrogen has 4 major things speaking against it.
You need a lot of energy to produce it cleanly. – so using it locally is usually not a good option just use the energy directly
Transporting it is realy hard. Even electricity is easier to transport than hydrogen.
Storing it is very hard. So it’s not even very useful as energy storage.
And lastly the engines that use it are also quit prone to breaking down.
Hydrocarbons are simply so much easier to use as a fuel.
LOL, well there’s a surprise. Not.
I think this sub has a well documented history of predicting exactly this for at least oh, 5 years ?
Yes because all industries are massively profitable in the first years. No. The problem is the parasites demands at instant profits. The parasites are the problem. We should invest and allow the market to grow. It shouldn’t be expected to be the massive profit machine for years to come.
The technology hyped by MBB consultants, oil and gas majors, and fossil fuel investors failed to materialize?
You mean to tell me those oil refineries producing 90-95% of hydrogen via reformation as a byproduct of their oil and gas refining processes weren’t out for their own interests all along?
Is there any info behind the paywall? Renewable electricity costs keep dropping. Is the problem the costs of the electrolyzers climbing steeply?
I’ve quoted a few of these projects for EPC firms. The pipe required is very high spec and the Buy American requirements make it commercially unfeasible.
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