Date Time
Cost competitiveness of green hydrogen on horizon: CEFC market study
An extensive market study into the competitiveness of green hydrogen across 25 Australian industry sectors has found that green hydrogen is already approaching cost competitiveness for heavy trucking, buses and remote power, with the potential to become commercially viable across further sectors of transportation as early as 2030.
The analysis shows how parallel advances in production and distribution costs, as well as ongoing technology evolution, will accelerate the commercial attractiveness of green hydrogen across key areas of the economy.
Large scale development would be critical to driving down installation and commissioning costs, similar to the accelerated development experienced by Australia’s large scale renewable energy sector. While hydrogen was closest to achieving commercial parity as an alternative to petroleum products, displacing natural gas provides a potential transitional use to
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Published: 18 May 2021, 06:22
By:
Andy Colthorpe
Artist rendering of the Victorian Big Battery (VBB), a 300MW / 450MWh project which will enable greater interconnection capacity with New South Wales. Image: Neoen.
Over a gigawatt of battery storage has been proposed in a plan to enable the wider rollout of renewables by Powercor, owner and operator of an electricity distribution network serving more than 800,000 customers in the Australian state of Victoria.
The group’s network includes over half a million electricity poles and nearly 90,000km of power lines. In the Integrated System Plan (ISP) published by the Australian Energy Market Operator (AEMO) which models scenarios for achieving long-term reliability, economic and decarbonisation goals, six large Renewable Energy Zones (REZs) were identified for Victoria. Four of those would be inside Powercor’s service territory.