The Next Prize: Geopolitical Stakes In The Clean Hydrogen Race
Yergin could not have picked a better title for the book not just because he was awarded a Pulitzer for it, but because he masterfully exposed how oil was a game of huge risks and monumental rewards. Today, judging by all the excitement, hydrogen seems well positioned to become the next great prize, a zero-carbon version of oil.
Hardly a week goes by without a government or a company announcing a new hydrogen plan or project. The enthusiasm for hydrogen is understandable: whether it is used in a fuel cell to produce electricity or burned in an engine to produce heat, the only ‘exhaust’ it creates is water vapor. As more and more governments commit to net-zero-emission targets by mid-century, hydrogen becomes an appealing energy carrier to decarbonize hard-to-electrify sectors, such as heavy industry and long-haul transport.
Hills in the UK, Africa and Europe can be a hidden source of generating power
The global energy storage market needs to grow 100 times its current size to accommodate increasing demand. But hillsides are a potential source of power.
Victoria Masterson 20 February, 2021 3:00 pm IST Text Size:
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Hillsides are hidden sources of power just waiting to be unlocked, according to a British renewable energy company.
RheEnergise has developed a way to use hills as ‘batteries’ that create and store electricity for use when needed.
Instead of using water, RheEnergise has invented a fluid which is two and half times denser. This means it can provide two and half times more power and energy when it is released downhill.
19 February 2021
Gold and nickel miner Province Resources has unveiled plans to build 1 gigawatt of wind and solar capacity in Western Australia, from which it plans to manufacturer green hydrogen.
The planned site for the wind and solar farms is in the Gascoyne region of Western Australia, just south of Carnarvon. The miner says the region is ideal for both wind and solar generation, as it is the fourth windiest place in Australia and has 211 sunny days per year.
It hopes the project, which it is calling HyEnergy, will make 60,000 tonnes of green hydrogen per annum, or up to 300,000 tonnes of green ammonia.
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Amid a historic economic contraction, renewable resources grew to account for one-fifth of all electricity produced in the U.S. in 2020, according to newly released data from Bloomberg New Energy Finance and the Business Council for Sustainable Energy, a coalition of clean energy, utility and natural gas companies.
Record-breaking wind and solar additions brought zero-carbon resources which also include hydro and nuclear to 40 percent of the 2020 electricity mix in the United States. Analysts heralded the growth as an indicator of these sectors’ resilience, in contrast to continued declines in coal power and the first drop in natural-gas demand since the Great Recession in 2009.