The hydrogen stream: High gas prices mean cost competitiveness
New investments and partnerships announced this week see hydrogen projects developing across Europe, India, Asia and more. The current climate of high prices for natural gas has led one company to exclaim that green hydrogen is now competitive with its fossil fuel produced ‘grey’ counterpart, and research continues into optimizing hydrogen supply chains and smoothing its integration into the energy landscape.
Renewables and the Russian economy
As nations begin to move towards clean energy, fossil fuel exporting countries will need to rethink and reshape their economies. Taking Russia as an example, an MIT study has examined the likely impact on oil, gas and coal exports and the opportunities the energy transition could offer.
“Capacity deferral is the primary source of storage value”
Big batteries derive most their value from replacing gas peaker plants and averting the installation of excessive amounts of transmission and generation infrastructure. However, batteries cannot replace all gas plants, MIT researchers found. From a holistic economics perspective, there is a certain share of storage that is considered cost-efficient. With battery costs declining, that share is constantly increasing.
