Pieces That Need To Fall Into Place To Make Green Hydrogen Viable torontotelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from torontotelegraph.com Daily Mail and Mail on Sunday newspapers.
27 April 2021
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EDF Group and Rosatom have signed an agreement to jointly promote clean hydrogen projects in Russia and Europe. Rosatom said development of hydrogen technologies has an important role to play in the implementation of the Paris Agreement, aimed at keeping the global average temperature increase to below 2 degrees Celsius by 2100.
(Image: Pixabay)
The Russian nuclear industry has significant technological and research potential, Rosatom said, to develop the main methods of hydrogen production - electrolysis and steam conversion of methane using CO2 capture technologies. Rosatom added it is focused on the development of low-carbon hydrogen production technologies, its storage, as well as participation in pilot hydrogen projects both in Russia and abroad.
“[This is] without a carbon price and obviously, with a carbon price, even faster. But we expect that by 2030, green hydrogen can cost below $2 per kilogram in most geographies and even lower in favorable geographies with very cheap renewables.”
In these favourable locations, such as Australia, the cost of green H
2 is expected to fall to $1 per kg by 2030, according to the ETC report,
Making the Hydrogen Economy Possible: Accelerating Clean Hydrogen in an Electrified Economy.
The cost of producing grey hydrogen made from unabated natural gas or coal, and pumping 830 million tonnes of CO
2 into the air each year is currently between $0.70 and $2.20/kg, largely depending on the price of natural gas or coal. This is not expected to change this decade.
EDF Group and Rosatom have signed an agreement to jointly promote clean hydrogen projects in Russia and Europe. Rosatom said development of hydrogen technologies has an important role to play in the implementation of the Paris Agreement, aimed at keeping the global average temperature increase to below 2 degrees Celsius by 2100.
Clean electrification and hydrogen can deliver net-zero by 2050, says global private-sector coalition asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.