Gnevamir Fleece explains the grid decarbonization risks of weak accounting standards for clean hydrogen production.
Prediction Not checkable as stated
Fleece: Cheaper renewables abroad will drive industrial production out of Europe
“So I think we will, in the end, see some industrial shift out of Europe, just because it'll be, some countries have natural competitive advantage in, in, in access to cheaper renewable resources, and thereby,
Making their hydrogen production costs lower.
and …”
Prediction Not checkable as stated
Fleece: Imported ammonia will be used directly rather than cracked to hydrogen
“I think, at the end of the day, what's going to happen is that ammonia is going to be sold into international markets for, as ammonia.”
Assertion Supported
Fleece: Hourly versus yearly temporal correlation shifts hydrogen costs by 10 percent
“The difference between Even yearly and hourly temporal correlation, the difference in, in the levelized cost of hydrogen and how that impacts the price of hydrogen is not that much. There has been recently, very recently in September, an excellent paper from t…”
Opinion
Fleece: Mandating both additionality and temporal correlation is overly stringent
“I think temporal correlation, in terms of absolute emissions abatement, I think temporal correlation or additionality or good principles, both together you know, that's a little bit, that is quite a bit stringent.”
Assertion Supported
Fleece: Regulatory delays stalled announced European hydrogen projects before final investment decisions
“The issue was that everybody was waiting for that regulation. So everybody was waiting for the decarbonized gas package and the hydrogen package, as well as the delegated act, which specified these renewable rules. So lots of projects announced, very little pr…”
Insight
Fleece: One day of local storage makes green hydrogen projects viable
“I think hydrogen storage, local hydrogen storage, not necessarily huge salt caverns, but, you know, a day's buffer worth will be enough to make some of these export projects or many projects actually fly.”