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hydrogen economyThe Times & The Sunday Times
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66% Informative
Rachel Reeves earmarked 2 billion for 11 new green hydrogen projects, from Devon to the Scottish Highlands.
Experts say politicians are drawn to hydrogen as an energy source.
Analysts believe it will be initially used for industrial purposes: fertilisers, chemicals, and green steel.
Few now believe hydrogen will be the panacea painted in Johnson ’s green utopia.
Developers will get a guaranteed strike price’ of 241 per megawatt-hour of hydrogen energy produced, three times the 81 offered to the latest offshore wind projects.
Simple economics dictates that instead of using the electricity to make hydrogen, it is more cost-effective just to use the electricity directly to power a heat pump or charge a van battery.
“Grey’s hydrogen, which is used to make 95 per cent of hydrogen in production globally, costs about 1.50 per kilo.
VR Score
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