Recent blogs have looked closely at various renewable energy sources’ levelized cost of energy (LCOE). This measure has been, and will likely remain, an essential metric when it comes to comparing energy-related projects. A key advantage is that LCOE is expressed in currency per megawatt-hour or kilowatt-hour, and is flexible through its use of each assets’ development and operational parameters.
Hydrogen is emerging as one of the most important sources in “upscaling” energy, increasing both the share of renewable energy supply and the scope of decarbonization. One driving factor is that hydrogen provides easy and effective storage and transportation options. Perhaps the biggest challenge that remains is hydrogen’s cost effectiveness, which is what we look at more closely today.
Complementing one of our older posts The time of Hydrogen is NOW, today’s focus will lie on the several ways of hydrogen production, looking deeper into the underlying processes and potential future green hydrogen technologies.
Earth’s most significant natural resource, capturing 75% of all baryonic mass, is hydrogen. Nonetheless, it has been overlooked for centuries, but what has changed in most recent years? – Hydrogen and the use of the dominant fuel in various sectors, mainly as a power source, is now part of many governmental and private industry policies and plans.