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BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

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In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These costs are 13% lower than BNEF’s previous 2030 forecast and 17% lower than its old 2050 forecast. MMBtu) by 2050 in most modeled markets.

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Western Australia to invest $22M to accelerate renewable hydrogen future

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The Western Australia Government of Premier Mark McGowan will bring forward the Western Australian Renewable Hydrogen Strategy targets by a decade and invest $22 million to develop hydrogen supply, meet growing demand for the clean fuel and create jobs. The McGowan Government has committed $5.7

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Heliogen and Bloom Energy demonstrate production of low-cost green hydrogen; concentrated solar and high-temp electrolysis

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Heliogen and Bloom Energy have successfully demonstrated the production of green hydrogen by integrating the companies’ technologies: Heliogen’s concentrated solar energy system and the Bloom Electrolyzer. Electricity accounts for nearly 80% of the cost of hydrogen from electrolysis. —Bill Gross, founder and CEO of Heliogen.

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CPUC proposes revising Net Energy Metering rules to push customers to install storage with rooftop solar

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For more than 20 years, California has aggressively supported the rooftop solar market through its Net Energy Metering (NEM) program in Pacific Gas and Electric Company (PG&E), Southern California Edison (SCE), and San Diego Gas & Electric Company (SDG&E) territories. NEM has enabled 1.3 An independent third-party evaluation of NEM 2.0

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Japan team evaluates battery-assisted low-cost hydrogen production from solar energy

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The results from this study suggested a cost of hydrogen as low as ¥17 to ¥27/Nm 3 (US$0.16 - $0.25) using a combination of technologies and the achievement of ambitious individual cost targets for batteries, PV, and electrolyzers. For comparison, the US DOE’s 2020 target for the levelized cost of hydrogen (production only) is $2.30/kg.

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Monash team proposes roadmap to renewable ammonia economy; 3 generations of technology

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While there is global potential to generate renewable energy at costs already competitive with fossil fuels, a means of storing and transporting this energy at a very large scale is a roadblock to large-scale investment, development and deployment. Generation 2 moves the Haber-Bosch process to renewable sources of hydrogen.

Renewable 419
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Highview Power and Encore Renewable Energy to co-develop the first long-duration, liquid-air energy storage system in US

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a provider of long duration energy storage solutions, and Encore Renewable Energy, a developer of renewable energy generation and storage projects, jointly announced plans to develop the United States’ first long-duration, liquid-air energy storage system. Highview Power Storage, Inc.,