Bob is genuinely hitting the ball as he should hit it. Both from adding information to this topic, but asking relevant questions. I am shocked at his questions since his replies at the least hint he is actually an expert on this topic of Hydrogen.
So how about I enlist some experts views on this.
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Costs associated with 40 hydrogen technologies used in 35 applications, including for heat and power, could tumble dramatically over the next decade as the scale-up of hydrogen production, distribution, and equipment and component manufacturing continues. For some applications, hydrogen could become competitive with other low-carbon alternatives, and even conventional options. Those are key findings from an in-depth assessment of industry-provided hydrogen application costs that the Hydrogen Council—an international CEO-level advisory body—underscored in a Jan. 20–released report.
The findings offer an important glimpse at
growing efforts to integrate hydrogen into the global energy framework. As part of concerted decarbonization goals, 18 governments (whose economies account for 70% of global gross domestic product) had developed detailed strategies for deploying hydrogen solutions, as of January. Industry, too, is paying attention to sharp improvements to cost drivers associated with “renewable” hydrogen production, and the versatile role hydrogen could play in future energy systems.
Industry Interest in Hydrogen Is Surging
The Hydrogen Council, which serves as a point of collaboration for the hydrogen industry (but also a resource for safety standards and an interlocutor for the investment community), for example, noted its membership has surged from 13 companies in 2017 to 81 companies as of mid-January. “Core” power-sector members include CEOs from EDF, ENGIE, Equinor, Shell, Total, Siemens, and Cummins, and “supporting” members include ITOCHU Corp., Marubeni, and Mitsubishi Heavy Industries. In 2020, the council also launched a new investor group, a membership category that currently comprises five European banks.
While the council actively promotes hydrogen as a critical component of future global industrial decarbonization, it admits that despite increased interest—and more than 30 major investments in segments such as heavy-duty trucking, rail, and steel production from low-carbon or renewable hydrogen—new projects have not yet been sanctioned. The group says this is “likely due to the lack of suitable policy and regulatory frameworks,” and, significantly, a lack of visibility on near-term and long-term economic viability and industry readiness. It suggests governments can boost the “hydrogen economy” with increased coordination, standardization, and by focusing on infrastructure investments, as well as providing incentives."
Costs associated with 40 hydrogen technologies used in 35 applications, including for heat and power, could tumble dramatically over the next decade as
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So i am not alone at all in this discussion of why we will use hydrogen should we run out of petroleum. PS, I believe we can create a product that works just like gasoline and it will suffice if hydrogen fails to work out.