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by Tuna-Fish
41 days ago
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In a lot of places in the world, the marginal cost of electricity is zero, if your capital costs are low enough to only purchase when there is excess wind. The cost of batteries for long-term storage is still prohibitively high. In contrast, large hydrogen (or methanol, etc further products) are relatively cheap to store. Those two things put together is pretty much it. There is massive room for additional wind capacity in northern europe (and solar in north africa, etc). In order for constructing that additional capacity to make any sense, there needs to be more demand that can idle for ~2/3rds of the time, and make economic sense to run a third of the time. In these conditions, the roundtrip efficiency is an entirely uninteresting statistic, and the capital cost of capacity is what matters. |
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How strange utility grids are spending on HVDC transmission and not hydrogen infrastructure.
HN commenters should ring up their local electrical grid operators and set them straight /s
Also, if you have extremely low cost of electricity: you build manufacturing nearby that needs massive amounts of energy, like metal refineries. Or you subsidize electric transport.
You don't pour money into a fuel that is a logistical headache and a half, a fuel that nobody uses, and can only be converted back into electricity with the standard terrible internal combustion / turbine efficiencies.