Add batteries for electrolyzer viability
Cheaper electricity is a key component of hydrogen production, as the cost of electrolysis is largely dictated by electricity prices. One solution to achieving cheaper electricity when hydrogen electrolysis is coupled with renewable energy generation is through batteries. But is the cost reduction sufficient? Mehrdad Aghamohamadi, a researcher for Cornwall Insight Australia, investigates.
In August, the Australian Competition and Consumer Commission (ACCC) announced that there will be a gas shortfall in the east coast market in 2023. This is not surprising, considering the global gas crisis and concordant high prices. Such events have increased attention toward expanding gas supply or reducing the gas demand in Australia and worldwide.One …
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