Low-carbon hydrogen is not cheap and needs support, says major energy organization

World Energy Council says "environmental and political drivers" are "sending encouraging signals to the market."

In an announcement accompanying a briefing, the London-based energy organization said "environmental and political drivers" were "sending encouraging signals to the market and prompting growing interest." Globally, many pilot projects were being developed, built or in operation, it added. The U.S. Department of Energy recently launched its Energy Earthshots Initiative and said the first of these would focus on cutting the cost of "clean" hydrogen to $1 per kilogram in a decade. According to the DOE, hydrogen from renewables is priced at around $5 a kilogram today.

The sector does seem to be at a crossroads, with a number of issues to resolve as it looks to expand. The WEC's report claimed the hydrogen economy was facing a "chicken and egg problem" related to supply and demand. Both of these, it argued, lacked "secure volumes from the other to help establish the value chain."

The debate about color required clarity, "as it could risk prematurely excluding some technological routes that could be more cost and carbon effective," it said.While discussions about the future of hydrogen take place, a number of firms are beginning to make plays in the sector.Siemens Gamesa Renewable Energy

Source: Energy Industry News (energyindustrynews.net)

Low-carbon hydrogen is like clean coal. Greenwash. And who wants to invest in the infrastructure? There's no Tesla for hydrogen. And it's hard to store and dangerous to handle. Worse than gasoline.

thanks

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Yet another lake in the Western U.S. drops to record-low water levelsNEW: Water levels in the southern part of Utah's Great Salt Lake have dropped to the their lowest levels ever recorded, and experts say conditions will decline further as extreme drought chokes nearly the entire state.
Source: MSNBC - 🏆 469. / 51 Read more »

China jitters pull Asian stocks to seven-month lowAsia's stock markets fell to fresh troughs on Tuesday led by a third straight session of heavy selling in Chinese internet giants, while bond and currency markets traded on edge ahead of the Federal Reserve policy meeting. this is terrible news 中国的发展牵动全世界的神经。如今的世界，你中有我，我中有你。一起发展，避免对抗。China's development affects the nerves of the whole world. Today's world, you have me, I have you. Develop together and avoid confrontation.
Source: Reuters - 🏆 2. / 97 Read more »

It’s True: A Low-Calorie Diet Could Tank Your Gut HealthNew research highlights yet another reason to make sure you’re eating enough. I’ll have some more insulin sensitivity with that order.
Source: runnersworld - 🏆 19. / 71 Read more »

UPS shares hit three-month low on worries e-commerce is coolingUnited Parcel Service Inc (UPS.N) shares fell to a three-month low on Tuesday on worries that growth from the pandemic-fueled e-commerce boom may be fading. Sounds about right. Have seen my local driver throw my stuff around. Drop some high dollar music gear and I had to send it back. Make your customers happy and you’ll get your 💰 back
Source: Reuters - 🏆 2. / 97 Read more »

Workers aren't coming back because of low vaccination rates, not cushy unemployment benefitsBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. BULLSHIT!
Source: BusinessInsider - 🏆 729. / 51 Read more »

CDC recommends the vaccinated wear masks in areas with low vaccination ratesThe CDC director said the decision to call a return to mask use wasn't taken lightly, and that she hopes it will be temporary. Just saw all minorities and democratic areas. That would be accurate. The CDC seems to forgot about the millions of people who got COVID & recovered. They don’t seem to be getting sick as the people who got vaccinated. CDC sending bad message that you need to still wear a mask if vaccinated. Key word recommend not require. Our personal choice
Source: TODAYshow - 🏆 389. / 55 Read more »