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Related: About this forum‘Hobbled by High Cost, Hydrogen Fuel Cells Will Be a Modest $3 Billion Market in 2030;
Study: Hobbled by High Cost, Hydrogen Fuel Cells Will Be a Modest $3 Billion Market in 2030?
By Joe Romm on Apr 5, 2013 at 12:23 pm
Capital cost, not hydrogen supply, will limit adoption to a mere 5.9 GW, dashing dreams of a revolutionary energy future, says Lux Research
As Ive said for a decade now, hydrogen fuel cells are not going to be a significant, cost-effective CO2 reducer. In a 2005 journal article, The car and fuel of the future, I noted that:
A 2013 study by independent research and advisory firm Lux Research finds that despite billions in research and development spent in the past decade, The dream of a hydrogen economy envisioned for decades by politicians, economists, and environmentalists is no nearer, with hydrogen fuel cells turning a modest $3 billion market of about 5.9 GW in 2030.
Hydrogen fuel cells wont be a major contributor to solving the problem of manmade climate change until the market is 100 times larger, which simply wont happen fast enough to matter to the climate fight, even in the unlikely event they ever become a cost-effective CO2 reducer.
The Lux study, The Great Compression: The Future of the Hydrogen Economy (client subs. reqd), finds that hydrogen demand from fuel cells will total 140 million kg in 2030, a meager 0.56% of global hydrogen demand. Looks like Im going to win my big hydrogen bet!
Heres the rest of the news release from Lux:
Go to: http://thinkprogress.org/climate/2013/04/05/1422411/study-hobbled-by-high-cost-hydrogen-fuel-cells-will-be-a-modest-3-billion-market-in-2030/
By Joe Romm on Apr 5, 2013 at 12:23 pm
Capital cost, not hydrogen supply, will limit adoption to a mere 5.9 GW, dashing dreams of a revolutionary energy future, says Lux Research
As Ive said for a decade now, hydrogen fuel cells are not going to be a significant, cost-effective CO2 reducer. In a 2005 journal article, The car and fuel of the future, I noted that:
Using fuel cell vehicles and hydrogen from zero-carbon sources such as renewable power or nuclear energy has a cost of avoided carbon dioxide of more than $600 a metric ton, which is more than a factor of ten higher than most other strategies being considered today .
A 2013 study by independent research and advisory firm Lux Research finds that despite billions in research and development spent in the past decade, The dream of a hydrogen economy envisioned for decades by politicians, economists, and environmentalists is no nearer, with hydrogen fuel cells turning a modest $3 billion market of about 5.9 GW in 2030.
Hydrogen fuel cells wont be a major contributor to solving the problem of manmade climate change until the market is 100 times larger, which simply wont happen fast enough to matter to the climate fight, even in the unlikely event they ever become a cost-effective CO2 reducer.
The Lux study, The Great Compression: The Future of the Hydrogen Economy (client subs. reqd), finds that hydrogen demand from fuel cells will total 140 million kg in 2030, a meager 0.56% of global hydrogen demand. Looks like Im going to win my big hydrogen bet!
Heres the rest of the news release from Lux:
Go to: http://thinkprogress.org/climate/2013/04/05/1422411/study-hobbled-by-high-cost-hydrogen-fuel-cells-will-be-a-modest-3-billion-market-in-2030/
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‘Hobbled by High Cost, Hydrogen Fuel Cells Will Be a Modest $3 Billion Market in 2030; (Original Post)
kristopher
Apr 2013
OP
kristopher
(29,798 posts)1. For Fuel Cell Mfg Co CEO's totally unbiased opinion see
Fuel cells a viable green alternative for cars once again
JEREM CATO
VANCOUVER Special to The Globe and Mail
Published Tuesday, Apr. 23 2013, 3:28 PM EDT
Last updated Tuesday, Apr. 23 2013, 3:40 PM EDT
I had completely dismissed hydrogen fuel cells as a viable, affordable green alternative for light vehicles until I spent half a day touring Daimler AGs big fuel cell centre in Burnaby, B.C., followed by a fascinating interview with the long-suffering CEO of former fuel cell darling Ballard Power Systems.
JEREM CATO
VANCOUVER Special to The Globe and Mail
Published Tuesday, Apr. 23 2013, 3:28 PM EDT
Last updated Tuesday, Apr. 23 2013, 3:40 PM EDT
I had completely dismissed hydrogen fuel cells as a viable, affordable green alternative for light vehicles until I spent half a day touring Daimler AGs big fuel cell centre in Burnaby, B.C., followed by a fascinating interview with the long-suffering CEO of former fuel cell darling Ballard Power Systems.
Posted here: http://www.democraticunderground.com/112742225
cprise
(8,445 posts)2. There were too many steep tech barriers to scale
...to realistically put "the hydrogen economy" into practice. It amounted to chasing a future founded on sci-fi buzzwords and fossil fuels.