The most optimistic estimate of the advocates is 14% of total US energy supply from (manufactured) hydrogen by 2050. But why would it be worth the cost and effort, even if it could be done? Claims it would ‘strengthen the economy’ seem hard to justify, as hydrogen production is more expensive than that of fuels in use now.
A coalition of major oil & gas, power, automotive, fuel cell, and hydrogen companies have developed and released the full new report, a “Road Map to a US Hydrogen Economy”, reports Green Car Congress.
The Road Map stresses the versatility of hydrogen as an enabler of the renewable energy system; an energy vector that can be transported and stored; and a fuel for the transportation sector, heating of buildings and providing heat and feedstock to industry.
It can reduce both carbon and local emissions, increase energy security and strengthen the economy, as well as support the deployment of renewable power generation such as wind, solar, nuclear and hydro.
This Road Map shows how critically important hydrogen is to achieve a lower-carbon energy mix, and with the right actions now, can reinforce US energy leadership and strengthen our economy by generating $140 billion per year in revenue and 700,000 jobs by 2030, and $750 billion per year in revenue and 3.4 million jobs by 2050. In addition, if the right actions are taken now a competitive hydrogen industry can meet 14 percent of US energy demand by 2050.
—Fuel Cell and Hydrogen Energy Association (FCHEA) President Morry Markowitz
Fourteen percent of US final energy demand in 2050 is estimated to be the equivalent of more the 2,468 TWh or 8.4 billion MMBTU per year.
Full report here.
via Tallbloke’s Talkshop
March 23, 2020 at 05:18AM