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Finance Pivots to Green Hydrogen - CleanTechnica
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Finance Pivots to Green Hydrogen
Green hydrogen
production is accelerating, and according to IEEFA is
approaching light speed.
“Australia is
clearly showing the world’s electricity market the future.
On sunny days — 10am to 3.30pm daily — electricity prices
are now negative. EVs, batteries and pumped hydro can
absorb some of this negative cost electricity, but
low–capacity factor GH2 facilities will profiteer on
spilled electricity as electrification of everything
drives decarbonisation.”
The elements that make up
the manufacturing supply chain are scaling up. “Nel moved from
40 megawatts (MW) to 500MW in 2021; ITM Power from 100MW to 1000MW in
2021. In October 2021 Thyssenkrupp targeted a fivefold expansion to
5GW of manufacturing capacity online by 2025 and in the same month FFI
and Plug proposed 2GW of manufacturing capacity at Gladstone,
Australia.”
It is expected that
electrolyser capital costs will be down by 50–80% by 2030, with a
tenfold expansion every couple of years. In 2020, electrolyser
production was double that of 2019. BloombergNEF estimates
electrolyser capacity globally at 15 GW by 2024.
In February 2020, Japan had
the largest operational GH2 facility (10 MW), but by January 2021, Air
Liquide opened a 20 MW facility in Canada. Then Shell started
construction on a 100 MW site in Germany. The records keep tumbling,
just as they did for batteries. The title of the largest battery in
the world was not held for long. Here’s more from
IEEFA:
“Thyssenkrupp and Shell
announced a 200MW unit in Rotterdam just last month to be commissioned
by 2024/25. New Zealand is even more ambitious, with Meridian and
Contact Energy proposing a 600MW facility for a 2025/26 start-up.”
China has pledged to have
50% of its generating capacity running on renewables within 3 years.
Australia’s largest export markets are making CO2 energy pledges that
will be impossible to fulfill without green hydrogen.
“In his 2022 letter,
BlackRock’s CEO Larry Fink talks of a tectonic shift of capital. More
than US$130 trillion of collective financial capital has been pledged
globally to net zero emissions by 2050.”
This isn’t just a moral
choice; it is a matter of factoring the risk posed to the global
economy by fossil fuels and finding the place to make wealth for your
clients.
The demand for green energy
is increasing exponentially. Green hydrogen is finding its place in
the ecosystem and the means to achieve that place are being put into
action rapidly. Concurrently, finance is flowing to the sector and
profits are being made. Government policies, especially after the
COP26 pledges, are aiding the transition.
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
www.exactrix.com
509 995 1879 cell, Pacific.
Nathan1@greenplayammonia.com
exactrix@exactrix.com
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