Creating A Reliable, Renewable Hydrogen Supply

ICIS hydrogen analyst, Sandeep Venkatesh, explores how renewable hydrogen is impacting tank storage   Renewable hydrogen is considered an important commodity to decarbonise areas of the economy that would otherwise struggle to electrify. However, the intermittent nature of renewable electricity supply makes it difficult to consistently meet end-use demand for renewable hydrogen. Offtakes, such as industrial applications, regularly require consistent supply. But in instances where demand mismatches renewable generation, the power generation would need to be curtailed. From an electricity market perspective, these are periods of very low electricity prices. [caption id="attachment_41587" align="alignleft" width="300"] Sandeep Venkatesh, ICIS Hydrogen Analyst[/caption] The evolution of hydrogen storage marks a point where power markets and hydrogen production can match up. A key consideration here is the overall share of different renewable technologies across a power market. ICIS data shows that storage costs weigh on average about 3.5% on final hydrogen cost, but can drop to as little as 0.5%. In February 2023, the European Commission published a delegated act...