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by pfdietz
1477 days ago
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China is selling electrolyzers for < $300/kw. Given that renewable electricity's LCOE is a fraction of nuclear, I don't see how hydrogen could be 10-20 times the cost of nuclear. Were they doing something ridiculous like assuming it's stored as liquid hydrogen? Also, remember the big use of hydrogen on the grid would be as a dispatchable backstop to cheap renewable sources, not as something that's used 24/7. So most of the energy flow would not be through hydrogen, it would be from the renewables directly (or through batteries for short term smoothing.) |
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And it was 10-20 times a few years ago. Prices has gone down a significant bit. If you get the prices to around $1 per/kg (about 3-10x reduction from this year prices), and we don't account for transportation, infrastructure and physical storage, the price would start to look really competitive to nuclear.
If you search online you will find plenty of predictions that prices might reach that magical $1 per/kg in say 2030 or so, in which case that will be a great choice. As a bonus it will make medical oxygen dirt cheap. At that point all discussions about nuclear power will mostly be made moot since hydrogen will be the factual best choice.