- There is a lot of hype about green hydrogen, but in the fine print, it is about renewable energy projects that might eventually involve green hydrogen.
- The numbers make clear that green hydrogen is at least 10 years away and that there are other ways to store excess cheap renewable energy (e.g. grid-scale batteries).
- Blue hydrogen (made from gas with carbon capture) is often included in clean hydrogen discussions, but carbon capture is less real than green hydrogen.
- 10-year agreement between Google and AES shows grid-scale battery storage and hydro, coupled with renewable power has arrived for 24/7 power supply.
- Investors need to look at the problem that hydrogen could solve (energy storage and transport) and consider other carbon-free solutions in their investment decisions.
For further details see:
Hydrogen Economy: Ask The Right Questions