Adi Basham of BloombergNEF discusses the economic outlook and learning curve for green hydrogen production against fossil-derived alternatives with host Stephen Lacey.
Assertion Not checkable as stated
Unregulated grid-powered hydrogen could double emissions compared to fossil fuels
“Without any restrictions on hydrogen production from grid electricity, the emissions of hydrogen production in the U.S. Could be double that from producing just hydrogen from fossil fuels directly.”
Assertion Not checkable as stated
Unregulated grid-powered hydrogen would add 200 million metric tons of CO2
“The worst case is really that there's really no requirements for hydrogen production from grid electricity, which means, in the end, you end up creating more emissions than what fossil hydrogen production is already creating today. So let's say the U.S. Actual…”
Prediction Partly held up
US hydrogen rules will likely adopt three pillars with phase-ins
“The U.S. Guidance is likely to follow these three pillars that are outlined on additionality, temporal matching, and deliverability or geographic correlation with some sort of phase in, particularly on the requirement for additionality, so for new renewable en…”
Prediction Open · timeframe Dec 2050
Hydrogen electrolyzers could consume one-third of global power by 2050
“By twenty-fifty, under a net zero scenario, electrolyzers producing hydrogen take up a third of all electricity demand almost, just to power power themselves to produce hydrogen. So all of global, a third of all global electricity demand.”
Assertion Supported
BNEF estimates over $120 billion in subsidies for announced hydrogen projects
“We estimated, I think, over a hundred twenty billion dollars in subsidies that could go to all the announced clean hydrogen projects.”
Assertion Supported
Air Products backs strict hydrogen rules while Plug Power opposes them
“Companies were really interested in producing large volumes of clean hydrogen, like air products, and manufacturers of electrolyzers like electric hydrogen have come out in favor of very stringent standards on, on hydrogen production. Whereas others, like Plug…”