Letter on hydrogen: Gold rush
Excitement over natural hydrogen is building, but its potential to contribute meaningfully to global supply is unclear
Significant volumes of natural hydrogen could be sitting in the subsurface waiting to be extracted at lower costs than even the most competitive electrolytic or natural gas-based projects currently under development. Or, in hydrogen sector parlance, gold could be better than green or blue. That is the claim of a growing number of companies exploring for natural (gold) hydrogen around the world with an eye on developing supply to feed the global decarbonisation project. Production at under $1/kg has been mooted, though that should be seen in the context of the cost of exploration and drilling, which makes direct comparisons with green hydrogen costs difficult. At least six projects are at th
Also in this section
24 April 2024
Demand for energy purposes to outpace feedstock applications by the 2040s as government policies drive consumption, says DNV
24 April 2024
Danish firm joins growing list of European electrolyser manufacturers establishing production in US as IRA incentives prove strong draw
19 April 2024
UAE renewables developer weighs opportunities to join green hydrogen projects in US and Canada, Andreas Bieringer, director of green hydrogen business development and commercial, tells Hydrogen Economist
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter