Energy Club

Northern Territory

Green hydrogen "nirvana": Coleman

23 Sep 2020 11:43 AM | Sonia Harvey (Administrator)

WOODSIDE Petroleum CEO Peter Coleman declared yesterday that the market needed to start preparing for the future hydrogen economy, noting the cost competitiveness of green hydrogen was likely to be reached within the next decade.

Speaking about the future of energy at Business News's leadership breakfast at the Perth Convention Centre, Coleman noted despite the buzz around hydrogen, there was still no market for it yet, and even when it comes there will still be challenges in transporting it. 

However he said the company's trade partners, including Japan and Korea were rapidly creating the market for the gas, similarly to how the Japanese established the LNG market. 

He noted hydrogen produced using steam-methane reforming was well known and could be done at scale, while the potential for green hydrogen, produced via electrolysis, was great. 

"This is nirvana, it's making it from water," he said. 

"It's great but there's nothing at scale, everything is bespoke, every electrolyser is made for the application that it's put into, so there's no massive scale and so there's no cost reduction," he said. 

He referred to the EU's plans to build 6GW of green hydrogen electrolysers by 2024 which would help bring costs down, but said the true tipping point for electrolysers to be competitive would be when China starts to produce them at scale. 

"It's going to be ten years in the coming, and we need to start now," he said.

"The technology is there, we know what the cost curves are like, we know what we need to do in the market, and there's a solution there, but you've got to manage the energy input with the production, and then you've got to distribute the darn stuff" he said. 

Woodside has signed a memorandum of understanding with Korea Gas Corporation to study the feasibility of a green hydrogen export project, and is also on the Hydrogen Council's steering committee. 

The Korean government aims to build 100 hydrogen refuelling stations in the country over the next four years. 

Source: Energy News Bulletin

Read more here



Author
Comment
 

Comments

  • 27 Aug 2021 6:31 PM | canadian pharmacy viagra no prescription
    No Rx Elocon Need Online Overseas Pharmacy
    Link  •  Reply
  • 28 Aug 2021 1:19 PM | cheapest cialis generic online
    cialis comprar generico
    Link  •  Reply
  • 29 Aug 2021 10:53 AM | Estireast
    <a href=https://buysildenshop.com/>history of viagra</a>
    Link  •  Reply
  • 09 Sep 2021 4:49 AM | Reacela
    https://buysildenshop.com/ - generic viagra suppliers
    Link  •  Reply
  • 12 Sep 2021 4:45 PM | Sparbub
    <a href=https://buytadalafshop.com/>Cialis</a>
    Link  •  Reply
  • 15 Sep 2021 5:11 PM | Plaquenil
    Prix Du Viagra Au Quebec
    Link  •  Reply
  • 16 Sep 2021 12:20 AM | Lasix
    Levitra Per Giovani
    Link  •  Reply
  • 18 Sep 2021 4:24 AM | Cacharori
    <a href=http://buylasixshop.com/>lasix with no scrpit</a>
    Link  •  Reply
  • 21 Sep 2021 9:25 AM | Adjouri
    Link  •  Reply
  • 21 Sep 2021 11:44 AM | ROARNENUB
    https://buypriligyhop.com/ - priligy over the counter
    Link  •  Reply
  • 22 Sep 2021 1:10 AM | Opporma
    <a href=https://buypriligyhop.com/>Priligy</a>
    Link  •  Reply
  • 22 Sep 2021 7:09 AM | Inquist
    <a href=http://buyzithromaxinf.com/>Zithromax</a>
    Link  •  Reply
  • 23 Sep 2021 8:36 AM | inarmed
    Link  •  Reply
  • 26 Sep 2021 5:24 AM | grielew
    <a href=http://buyplaquenilcv.com/>Plaquenil</a>
    Link  •  Reply

Energy Club NT is an Incorporated Association 

The information contained in this website is for general information purposes only. The information is provided by Energy Club NT Inc and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites and files which may not be owned, authored or under the control of Energy Club NT Inc. We have no control over the nature, content and availability of other websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Powered by Wild Apricot Membership Software