green hydrogen

“So, you know, those five industries are what we've identified as, you know, the areas where we think there is inevitable growth in the sort of hundreds of billions of dollars. These are industries that could easily be some of the largest industries that our pl…”

“Ten million tons of Green hydrogen produced domestically. This is an additional 500 terawatt hours of the renewable capacity. That's about 70% of what we are producing right now in Europe.”

“But our plan now is to move all those generating stations into green hydrogen, so we can have dispatchable power locally, but it burns clean.”

“That plan now is to transition that gas plant from an initial blend of gas and about 30% green hydrogen. That's green hydrogen created by electrolysis and stored locally. Using those local water source, excess renewables, and there's ability to store it in sal…”

“There are some things that you can't directly electrify, and, you know, steel, cement, there are these Hard to abate sectors, and I think that green hydrogen, we're going to need a molecule, you know, it's probably not going to be an electron, it'll be a molec…”

“If we scaled it up to potentially hundreds of gigawatts by the end of the decade and going further, we expect the cost of that equipment to decline by 50, 60, or 70% or so, which really drives cost reductions of Green or renewable hydrogen below the cost of pr…”

“Well, in offshore wind, in a way, we focused on the production sites, you know, putting offshore winter ones in the water, but There is a grid system. There's an electricity market that we can plug in. So from this perspective, offshore wind was an easy one. Y…”

“Certainly we need hydrogen for a variety of industrial processes, and we don't get mass industrial decarbonization without some role of green hydrogen.”

“The hybrid project in Sweden is already making steel using a hundred percent green hydrogen. Other projects are in the works. There's about 40, a few dozen in the works.”

“We actually don't have capacity to do that in the U.S. Today. There's a lot of Fossil-based carbon-emitting hydrogen in the US today. I couldn't find any, like, commercial scale, like, real operation pumping out green hydrogen yet”

“One of the challenges is that the Inflation Reduction Act is supply-side policy. It reduces the price. It doesn't create demand. It doesn't say, you know, you're going to have to pay a penalty if you continue using gray hydrogen.”

“There's been a lot of hype around it, and the incentives in the Inflation Reduction Act are supply-side. They are not stimulating demand.”

“Most refining companies are looking for a 10 to 25% return on capital projects, and there aren't many incentives for them to make the extra investment for the higher-priced green hydrogen.”

“If you want to qualify for the 45 V tax credit, you need to create green hydrogen using new renewables. They need to be in the same grid region as the electrolyzers, and it needs to be time matched to when those electrolyzers are running. At first annually, an…”

“If I look back at our forecast from 20 20, for when we would achieve cost parity between green hydrogen and grey hydrogen, we said this would be by the end of this decade. I think by now we've moved that out by five to eight years, depending on geography, just…”

“Where the electrolyzer stack can represent about currently about half of the costs that can come down a lot, right? And we see 50, 60, 70% cost down Potential over the next decade through many, through better manufacturing, through efficiency improvements and …”

“Electrolyzers today in the 2000 dollars a kilowatt range, they're too expensive to produce economically viable Green hydrogen. And we're seeing this in projects all through the world. So where green hydrogen projects are being built, they're being built at pri…”

“Right now, the green hydrogen or electrolytic hydrogen market is extremely subsidy dependent.”

“Our technology and our product Reduces that cost by 50% and gets us into the ballpark where green hydrogen becomes economically viable with moderate subsidy and support, and once we get to scale, it'll get even better from there.”

“If you look at the incumbent electrolyzer producers they're the big industrials. I'm talking about companies like Siemens and ThyssenKrupp Cummins, who are not in the business of mercilessly driving cost out of their products, right? They're heavy industrial s…”