8 April 2021
Renewably-produced hydrogen will be cheaper than natural gas by 2050 in many markets according to Bloomberg New Energy Finance, in one of the most bullish assessments yet of the potential for green hydrogen to replace fossil fuels.
The study makes some significant adjustments to BloombergNEF’s previous assumptions, which were already among the most optimistic around.
It predicts the cost to produce one kilogram of green hydrogen will fall to “well below” $US2 by 2030, and “well below” $US1 by 2050 in most markets. That represent a 13 per cent improvement on BloomberNEF’s previous 2030 modelling, and a 17 per cent improvement its previous 2050 modelling.
8 April 2021
InterContinental Energy, the Hong Kong-based green hydrogen developer that is one of the key players behind the 26 gigawatt, $36 billion Asian Renewable Energy Hub in the Pilbara, has announced a string of new top-level hires as it accelerates its ambitious green hydrogen manufacturing plans.
InterContinental has teamed up with with Australia’s CWP and global wind energy giant Vestas to advance the AREH, with a plan to build 26 gigawatts of wind and solar capacity on a 14,000 square kilometre site in the East Pilbara in Western Australia.
The bulk of that capacity will go towards manufacturing green hydrogen for use in both domestic and international markets, with 3 gigawatts going to power big energy users in the region. The first stage of the project, which will build 15 gigawatts of capacity, received environmental approval from the Western Australian government in October last year.
th April).
The new team members are expected to support several of the company’s large-scale hydrogen projects, including the Asian Renewable Energy Hub (AREH) in the Pibara, Australia.
As H2 View reported in October 2020, AREH will generate 26GW of renewable wind and solar generation, providing energy to service industries in the Pilbara and providing markets in Asia with green hydrogen and ammonia.
Up to 3,000MW of generation capacity will be dedicated to large energy users in the Pilbara region, which could include new and expanded mines and downstream mineral processing.
The bulk of the energy will be used for large-scale production of green hydrogen and green ammonia products for export markets.
16 March 2021 0:14 GMT Updated 16 March 2021 0:14 GMT in Perth
OPINION: Australia is already a leading exporter of liquefied natural gas, coal and iron ore, and now interest in the country in the hydrogen sector is bubbling.
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The government has stated that a national hydrogen industry could generate more than 8000 jobs and over A$11 billion (US$8.5 billion) in gross domestic product by 2050.
Australia’s Commonwealth Scientific & Industrial Research Organisation estimates the potential demand for imported hydrogen in China, Japan, South Korea and Singapore alone could reach 3.8 million tonnes by 2030.
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