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As the green hydrogen arms race accelerates and major powers introduce subsidies, what will be the future of Australia's many multi-billion dollar green (and even blue) hydrogen projects? ....
As the green hydrogen arms race accelerates and major powers introduce subsidies, what will be the future of Australia's many multi-billion dollar green (and even blue) hydrogen projects? ....
The challenge is twofold, it won t happen overnight and the other difficulty is as are reducing their production because the prices are so high but under mentally as europe changes, it is shutting coal plants and renewables remain intermittent so you need something to back them up and at the moment that is gas so if renewables underperform, the demand for gas is set to increase and we are expecting to see the demand for gas in particular, the gas you can transport by ship to go over 20% over the next five years so there is a demand for gas or a fossilfuel, it is there is a demand for gas or a fossil fuel, it is a transition fuel as we move from fossil fuel as we move from fossil fuel carbon intensive energy strategy to one which is more like hydrogen renewables but this is a couple of decades ....