Hydrogen demand set to ‘take off’ in mid-2030s www.spglobal.com/platts/en/market-insights/latest-news/energ…
Hydrogen will account for 12% of global energy use by 2050, with demand set to “take off” in the mid-2030s, the International Renewable Energy Agency said in a report on Jan. 15. At least 30% of hydrogen production could be traded across borders by 2050, a higher share than natural gas today…
“Hydrogen is not a new oil. And the transition is not a fuel replacement but a shift to a new system with political, technical, environmental and economic disruptions,” Francesco La Camera, director general of IRENA, said in a statement…
Some countries that expect to be importers consider hydrogen a part of their trade relations, such as Japan and Germany, while fossil fuel exporters including Australia, Oman, Saudi Arabia and the UAE are looking at hydrogen as a way to diversify their economies, according to the report.
“Hydrogen is not a new oil. And the transition is not a fuel replacement but a shift to a new system with political, technical, environmental and economic disruptions,” Francesco La Camera, director general of IRENA, said in a statement…
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Hydrogen is an energy storage like batteries, capacitors, molten metal, pumped hydro, etc.
Hydrogen will help eliminate the need to use fossil fuels for transportation, electricity, industrial processes, heating and cooking, etc.
Shipping Liquid Hydrogen Would Be At Least 5 Times As Expensive As LNG Per Unit Of Energy https://cleantechnica.com/2021/12/20/shipping-liquid-hydroge…
Liquid natural gas (LNG) is the best comparison, as it requires liquification, which consumes about 10% of the amount of energy embodied in the LNG and oceanic shipping…The first thing to know is that while hydrogen is energy-dense by mass, it isn’t energy-dense by volume. Assuming the same-sized ship, the delivered BTUs of energy would be about 27% of the LNG…
The second problem is that hydrogen by itself is expensive…A cubic meter of liquified hydrogen masses 71 kg. That means that just the cost of the liquified hydrogen, excluding the energy costs of liquification or getting it into the ship, would be 1.9 times as high as the delivered price of LNG…