ORIGINAL REPORTING: The Emerging Green Hydrogen Opportunity
California Leads on U.S. Green Hydrogen Solutions
Herman K. Trabish, August 11, 2020 (cacurrent)
Editor’s note: Interviews with New Energy dealmakers report accelerating interest in green hydrogen in the financial community.
California is showing that green hydrogen will soon be a crucial path to greenhouse gas emission reductions that cannot be reaped from wind, solar, and energy efficiency…The Los Angeles Department of Water and Power, the nation’s biggest municipal utility, is setting the pace in the use of green hydrogen for electricity generation. Sunline Transit, a Palm Desert bus fleet, is showing what solar-generated green hydrogen can do in transportation…Following their lead, pilot projects are emerging from Washington state to Florida…
Wind and solar paired with batteries are unlikely be a cost effective strategy for fueling heavy-duty vehicles, providing heat for industry and aging buildings, and storing energy for long durations. But hydrogen extracted from water by an electrolyzer powered by wind and solar-generated electricity, which is the basis of LADWP and Sunline plans, is expected to be a cost-effective climate protection strategy. Driven by over 12 GW of green hydrogen mandates, European markets are bringing the electrolyzer cost down about 20% with each doubling of installed capacity. That should make green H2 price competitive by 2030. That also is when California, eight other states, and many local governments with zero-emissions mandates will need climate solutions for heavy duty vehicles, building heating, industrial processing, and long-lasting storage..,” click here for more