{"id":81645,"date":"2023-10-26T05:21:41","date_gmt":"2023-10-26T05:21:41","guid":{"rendered":"https:\/\/globalroadtechnology.com\/\/?p=81645"},"modified":"2024-01-15T04:20:28","modified_gmt":"2024-01-15T04:20:28","slug":"has-the-hydrogen-hype-train-been-derailed","status":"publish","type":"post","link":"https:\/\/globalroadtechnology.com\/has-the-hydrogen-hype-train-been-derailed\/","title":{"rendered":"Has the Hydrogen Hype-Train Been Derailed?"},"content":{"rendered":"

Often mentioned in powerful terms as the key to unlocking a global green energy revolution, hydrogen is not looking as green \u2013 or as global \u2013 as it once was.<\/span>\u00a0<\/span>Many early-stage projects that planned to rely on H2 have been scrapped, and there are growing voices from within the industry downplaying hydrogen\u2019s supposed superpowers.<\/span>\u00a0<\/span><\/p>\n

 <\/p>\n

So what\u2019s the problem?<\/span><\/b>\u00a0<\/span><\/h2>\n

Part of the issue has to do with energy density a<\/span>nd the effect of Energy Returned on Energy Invested (EROEI).<\/span>\u00a0<\/span><\/p>\n

Simply put, the effort to produce, store, ship, and use green hydrogen may require more energy than it saves.<\/span>\u00a0<\/span>This realisation has spelled doom for many highly-publicised projects, including Fortescue\u2019s plan to field hydrogen haul trucks at its Australian mines. <\/span>A plan now scrapped in favour of electrification. <\/span>Another major project at risk is CWP\u2019s and now BP\u2019s 25GW Australian Renewable Energy Hub (AREH).<\/span>\u00a0<\/span><\/p>\n

If the AREH were operating today, it would be the world\u2019s largest power project, producing 1.8 million tonnes of green H2 annually while requiring 1.5 -1.8TW of upstream renewables to function.<\/span>\u00a0<\/span><\/p>\n

 <\/p>\n

The scale is hard to fathom.<\/span><\/b>\u00a0<\/span><\/h2>\n

Developers everywhere are now walking back their large-scale hydrogen plans after many with unclear business cases and fantastic promises of low-cost hydrogen muddied the waters.<\/span> In the meantime, companies will return to the hydrogen drawing board to ensure it’s all worth the effort. <\/span>\u00a0<\/span>Snowy 2.0 Keep Digging Itself a Deeper Hole (sort of). <\/span>On sheer volume of negative news, the Snowy Hydro 2.0 project is the gift that keeps on giving.<\/span>\u00a0<\/span>With a forecast cost blowout from $2bn to a whopping 12bn, and with a 143-metre long tunnel boring machine (TBM) bogged under a mountain since last year, the project is under the pump, to say the least.<\/span>\u00a0<\/span>But despite the <\/span>significant hurdles<\/span><\/b>, it may still become the hub of Australia\u2019s renewable energy generation and storage hopes.<\/span>\u00a0<\/span>Perhaps as an instruction never to call something a \u201cNation-building\u201d project, Snowy 2.0 is now due for completion \u2013 and to produce its first power \u2013 in 2028.<\/span> W<\/span>ith a TBM that\u2019s unearthed everything from a giant sinkhole to toxic gas in just 150 meters of progress, a project that may seem doomed. <\/span>\u00a0<\/span><\/p>\n

However, it was undertaken for a reason, and experts in the field say that an ultimate budget of $12bn could be about right, considering Snowy\u2019s <\/span>energy generation and storage capacity.<\/span><\/b>\u00a0<\/span>Pumped up as able to power three million homes for a week, it makes you wonder why the initial quote was so cheap and that perhaps with a bit more foresight, planning and understanding of the complexities, the Snowy project may have avoided some of its pitfalls so far. <\/span>\u00a0<\/span>Australia and the US Agree to $4bn Critical Minerals Deal<\/span> o<\/span>n a visit to the States, his first as prime minister of Australia, Anthony Albanese, has unveiled an agreement to see $4bn pour into expanding critical mineral production.<\/span>\u00a0<\/span>The co-plan aims to allow both nations to expand their emissions reduction programs and secure access to a selection of <\/span>highly sought-after minerals<\/span><\/b> \u2013 primarily mined in Australia.<\/span>\u00a0<\/span>According to Albanese, the agreement was signed at a recent G7 meeting in Hiroshima, Japan and will open access to Australia\u2019s supply of lithium, cobalt, vanadium, copper and nickel.<\/span>\u00a0<\/span><\/p>\n

\u201cThe Act will actually assist the objective, which is a reduction in emissions, a growth in new industries, growth in manufacturing here,\u201d Albanese said.\u00a0<\/span>\u00a0<\/span>\u201cWe’re in a strong position as the world’s largest supplier of the minerals that will power the globe in the 21st century.\u201d<\/span>\u00a0<\/span><\/p>\n

\u201cAnd we want to work, as well, with US companies. We want to see announcements in that space, like the announcement that we’ve had here today, to benefit both of our nations,\u201d he added.<\/span>\u00a0<\/span><\/p>\n

 <\/p>\n

Dust suppression is a critical issue in the world of mining and resources.<\/strong><\/p>\n

Learn more about GRT\u2019s industry-leading and IoT-connected\u00a0SMART Dosing Units<\/a>, and discover how we\u2019re driving better dust suppression solutions for all!<\/strong><\/p>\n

If you\u2019d like to talk with an expert, simply\u00a0contact us<\/a>!<\/strong><\/p>\n

Your feedback is important to us.\u00a0<\/strong><\/p>\n

If you enjoyed reading this Global Road Technology industry update and found it informative, please let us know by leaving a REVIEW<\/a>.<\/strong><\/p>\n

\u00a0<\/span><\/p>\n

References:<\/span>\u00a0<\/span><\/h2>\n

https:\/\/www.hydrogeninsight.com\/production\/-reality-check-hydrogen-developers-walk-back-large-scale-ambitions-this-decade\/2-1-1524707<\/span><\/a>\u00a0<\/span><\/p>\n

https:\/\/www.abc.net.au\/news\/2023-10-23\/snowy-hydro-sinkhole-toxic-gas-tunnelling-four-corners\/102995568<\/span><\/a>\u00a0<\/span><\/p>\n

https:\/\/www.pm.gov.au\/media\/press-conference-embassy-australia-washington-dc<\/span><\/a>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Often mentioned in powerful terms as the key to unlocking a global green energy revolution, hydrogen is not looking as […]<\/p>\n","protected":false},"author":5,"featured_media":81648,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[115],"tags":[],"class_list":["post-81645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-articles"],"yoast_head":"\nHas the Hydrogen Hype-Train Been Derailed? - GRT Industry Articles<\/title>\n<meta name=\"description\" content=\"Explore the Future of Eco-Friendly Rail Travel with Hydrogen-Powered Trains. 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