The Hydrogen Titanic just sank in Australia because renewable electricity costs too much
By Jo Nova
The irony! The only generator that can make affordable hydrogen is brown coal
The Great Green Hydrogen dream was killed by the dual impossibility paradox, it has no customers prepared to pay the Gucci level rates, and it can’t be made cheaper without using brown coal to which would mean it isn’t “green”.
The irony is practically radioactive — analysts admit Green Hydrogen is only economic if a company can get electricity at $30 to $40 per megawatt hour, which Australia had for decades, but blew away by adding “renewables”. Like every other nation on Earth, the more unreliable wind and solar we added, the more expensive our electricity got. These days the only generator that still make electricity at that price now is old brown coal.
AER Quarterly weighted average wholesale spot prices.
For years Australian average wholesale electricity prices were $30/MWh
Sure, for five minute bids, and with generous subsidies stolen from taxpayers, wind and solar can pretend to be cheaper, but it turns out that the hydrogen factories, like every other factory, aren’t efficient if they stop and start every time a cloud rolls over, or the wind ebbs. All the infrastructure and staff, and the insurance and loans are still sitting around clocking up the bills, while nothing gets done. And all the inflows and outflows need to be adjusted, and the temperatures held steady. It would have been obvious to any precocious ten year old that hydrogen plants needed reliable electricity, which means they needed galactic size batteries to fill in the gaps, and therefore an interstellar budget.
https://joannenova.com.au/2024/07/the-hydrogen-titanic-just-sank-in-australia-because-renewable-electricity-costs-too-much/
