A British-Australian research team has assessed the potential of liquid air energy storage (LAES) for large scale application. The scientists estimate that these systems may currently be built at a cost between €300 and €600 per kilowatt-hour and that a positive business case could be favored by certain conditions, including a determined price structure in the energy market and the presence of a grid unable to support high levels of renewable energy penetration.
With Australia prepping plans for vast green hydrogen and ammonia production facilities, two of the country’s state governments are trying to drum up the end-user market as agreements are signed to drive use of the gas in Ukraine and Poland.
Last week’s announcement Oxford PV wants to wind up its “exclusive cooperation” with Meyer Burger after the fit out of its 100 MW German factory points to a potential divergence in strategies. And with Meyer Burger considering legal action in response, it could result in a messy, disruptive separation.
New tech which can store power for longer than four hours can secure up to €14 million each towards their demonstrator project costs.
An energy transition investment report published this week has also revealed the former world record low price for solar power announced by the Al Dhafra project in Abu Dhabi last year, has fallen even lower since.
U.K. carbon prices have looked relatively strong since the market launched in May. There is now optimism that the U.K. emissions trading system (ETS) will drive investment in renewables and green hydrogen. However, linking with the EU ETS is seen as key for the market to flourish in the longer term.
The government’s Department for Business, Energy and Industrial Strategy surveyed householders and small businesses and was told the prospect of firms having to pay higher taxes after installing PV prompted fury – just as the national solar trade body has been telling Whitehall for years.
Plus, as the European Commission prepares to present its ‘Fit for 55’ climate change package tomorrow, European companies are continuing to develop hydrogen plans, including Shell in Norway and Siemens in Germany.
Plus, the Norwegian government is set to devote €2.5 million into a joint venture trying to develop liquid organic hydrogen carrier solutions for shipping by the middle of the decade.
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