Hydrogen demand could jump from 100 million tonnes a year to 800 million – even if very few of us ever drive a hydrogen passenger car.
Speaking in the Hydrogen Transition Summit at COP27, Lord Adair Turner, Chair of the Energy Transitions Commission, said while the buzz around hydrogen passenger mobility goes back 15 years, he is “pretty confident” that almost none of us will drive a hydrogen passenger vehicle – but he does see hydrogen demand escalating eight-fold, if not more.
That’s largely because the scale of electrolyser production will rise considerably, prompting the kind of cost reductions we have seen in batteries, solar and wind.
“When that occurs, you then don’t need to run the electrolysers for 8,760 hours a year – you can run them just for a couple of thousand hours, the depreciation of the OPEX of the electroylsers becomes a trivial part of the hydrogen production cost,” he said.
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