Your rhetoric is utterly non-sincere. The idea that something needs to be greater than $100B, something very few things are, to be significant is utter bullshit. Not even getting into the part about 50% YOY growth.
Even PV, which is also growing fast and is much larger than your headlines for new investments ($22bn, and they won't all happen, and those which do are not all in the same year), is only about 6% of global electricity.
And worse, the quantities that matter are energy and power, which are again "that's an interesting proof of concept" level, not "wow, fantastic, this has really changed things" (much as I want it to).
What you have with hydrogen — and remember, I like hydrogen, and have made some myself even back when I was a single-digit age — is still smaller than the current annual production of just batteries, which you dismiss.
If the batteries were bad for the reasons you gave in some of your other comments, hydrogen would be a joke. I don't think hydrogen is a joke, but the evidence is that it's still niche rather than a general solution with all current tech.
You need look into the mirror here. Why are you like this? Do you understand what exponent growth even is? At 50% YOY growth, it will catch up to everything else in a handful of years. And this is your source, not mine. You are basically rejecting the conclusion of the source you found.
PV is doing the same. It is also growing exponentially. There was a time when investment in PVs was also in the single-digit billions. Now it is a lot more. If something grows rapidly enough, it will quickly catch up to the competition.
Ironic given you keep parroting phrases from everyone you reply to with the same tone on your part.
And yes, the real meaning of the word irony.
> At 50% YOY growth, it will catch up to everything else in a handful of years. And this is your source, not mine. You are basically rejecting the conclusion of the source you found.
Nah, you're the origin of the string "50% YOY" as far as I can tell. (Or did you misread the bit where the 240 bn, which is the closest I got, was from a news story that did not correctly quote its own linked source document?)
My link, I just searched it, has this to say about 50%:
> Lithium-focused companies increased their spending by 50% to record highs.
I want hydrogen growth to sustain that rate. I don't see any reason to expect this to be sustained, but I want it to.
> Finally, you’ve picked a source that is fairly conservative on all this. I mean, Japan alone is exceeding that
(1) Over 15 years, (2) reaching 15 million tons per year, which is 1% of their average primary energy usage.
Again, this is like using Cuba as an example of how Communism will take over real soon now: not a good one.
My tone is consistent because the people I'm talking to are fucking stupid and repeat the same lies over and over again.
This is from your previous post:
> In 2022, over $240 billion was invested in more than 680 global hydrogen projects, marking a 50 per cent increase in investments compared to the previous year.
Hence 50% YOY growth.
And if you understand exponential growth, you'd know that this is extremely fast and it can quickly catch up to whatever target you're dreaming of.
That is about one country's policy. And it was literally announced days ago, meaning that this is a regular occurrence globally. You are intentionally missing the point I was making. Like I said, this is a major current event and guys like you are demanding proof of a massive global event that everyone should be aware of.
Just so you're aware, you never gave a link to your source. I am just going off your quotes.
And YOY means year-over-year, so if it's 50% over last year, then it's 50% YOY. You can interpretate that as exponential growth unless you are expecting growth to stall.
I don't see anywhere in that article that suggests this is just 1% of Japan's energy need. It should be a very significant portion.
Again, this is a major current event. You expect people to be aware of it, or can do the most basic of googling. A lot of people here apparently either are profoundly ignorant or totally in denial that it is happening.
World annual investments on energy was about 2.5 trillion last year for new stuff plus 4 trillion going to oil and gas producers[0].
Here's what that looks like:
$22bn: ■ $6.5tn:
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Even PV, which is also growing fast and is much larger than your headlines for new investments ($22bn, and they won't all happen, and those which do are not all in the same year), is only about 6% of global electricity.
And worse, the quantities that matter are energy and power, which are again "that's an interesting proof of concept" level, not "wow, fantastic, this has really changed things" (much as I want it to).
What you have with hydrogen — and remember, I like hydrogen, and have made some myself even back when I was a single-digit age — is still smaller than the current annual production of just batteries, which you dismiss.
If the batteries were bad for the reasons you gave in some of your other comments, hydrogen would be a joke. I don't think hydrogen is a joke, but the evidence is that it's still niche rather than a general solution with all current tech.
[0] https://www.iea.org/reports/world-energy-investment-2022/ove...