Power in Abundance: The Economics and Applications of Hydrogen (2022-2)
23 April 2022
The illustration below provides a breakdown of the three main types of hydrogen and how each one is created As it currently stands, the average cost of producing green hydrogen is over 50% higher than the cost for producing grey or blue hydrogen. [...] The biggest challenge for clean hydrogen (mainly green and blue) has often been quoted as the cost of carbon capture when referring to blue hydrogen, and the cost of clean fuel or the electrol- yser, depending on whether you are in North Amer- ica or Europe, with regards to green hydrogen. [...] Shell plc, formerly known as Royal Dutch Shell prior to its relocation to the UK from the Neth- In response to EU policies and mounting le- erlands following the Hague ruling, is taking steps gal pressure in key markets, the European oil giants to push for greater hydrogen production capacities BP and Shell] >Ûi Li}Õ Ì ÀiÃÕvyi LÌ ÌiÀ in both the Netherlands and China. [...] In the Nether- United Kingdom (UK), which will be producing 60 lands, Shell and Thyssenkrupp are supporting the megawatts (MW) by 2025 and 1 gigawatt (GW) by nation’s effort towards a hydrogen future through ÓäÎäÀiÃ«iVÌÛiÞ°/iwÀÃpouring funds into the a supply contract for a 200MW producing green hydrogen business with the expectation that the al- hydrogen project dubbed ‘Hydrogen Holland I’, terna. [...] In December 2021, Shell launched two projects in the Illawarra region of Aus- tralia with BlueScope, in an effort to develop nov- el ways to leverage hydrogen in a country with an abundance of natural resources and the potential to become a major producer of hydrogen for the «ÕÀ«ÃivÀiiÜ>LiiiÀ}Þ°/iwÀÃÌ«ÀiVÌ]Ã- ilar to the electrolyser in Beijing, harnesses green hydrogen to lower emissions in steel.