By Paul Homewood
Further to yesterday’s post on green hydrogen. the Royal Society published this paper on the subject last year:
Two paragraphs stood out:
Assuming a cost of £3000, this would add up to about £81 billion for the UK. This is similar to the costs published by the Committee on Climate Change – £50 to 100 billion.
Projections of falling costs are not creditable, given that all the evidence suggests that offshore wind costs are much higher than assumed, and that solar panel costs are likely to head up and not down, as consequence of higher energy costs and raw material shortages.
$3.00 to $6.60/kg equates to about £75.00 to £165.00/MWh. A large range of uncertainty, but even at the bottom end is five times the historic cost of natural gas.
via NOT A LOT OF PEOPLE KNOW THAT
APRIL 6, 2022