Global hydrogen focus is gaining traction
This is an older exclusive article for FinFeed subscribers which is now opened up. If you'd like to see new exclusive articles every week, please subscribe to our newsletter.
A new report released by The Future Fuels CRC (FFCRC) shows the worldwide focus and drive towards a hydrogen future.
The report is the culmination of the work of 19 separate hydrogen roadmaps from around the world.
FFCRC Chief Executive Officer, David Norman, said the aim of the report, authored by a team at the University of Adelaide, was to help understand how nations, regions and industries are thinking about the opportunities and potential for hydrogen.
“This resource aims at helping develop other hydrogen roadmaps and strategies, including Australia’s National Hydrogen Strategy,” Mr Norman said.
“There is considerable international interest in rapidly deploying hydrogen technologies in coming decades to reduce carbon emissions.”
Energy Networks Australia, the Australian Pipelines & Gas Association (APGA) and FFCRC are working with Chief Scientist Alan Finkel, who is leading the development of the National Hydrogen Strategy.
Energy Networks Australia CEO, Andrew Dillon, said most jurisdictions identified injection of hydrogen into gas networks as a key way to decarbonise their energy system.
“Australia’s gas networks are already testing the blending of hydrogen into existing distribution networks as a way to provide clean, efficient energy to heat homes and cook food,” Mr Dillon said.
“As has also been outlined by roadmaps overseas, establishing a domestic hydrogen industry will allow for the development and acceleration of Australia’s hydrogen export industry.”
APGA Chief Executive Officer, Steve Davies, said work like this is essential to unlock the true potential of hydrogen.
“The pace and manner in which the FFCRC has been established and already delivering results is a great start of this partnership between gas infrastructure industries and academia. Future fuels like hydrogen have so much to offer Australia and the research programs of the FFCRC are essential for us to achieve their full potential,” Mr Davies said.
Emissions-free hydrogen gas can be produced from excess renewable energy via electrolysis and stored for later use in the existing network of gas distribution pipes.
Today’s report follows the seminal work of Energy Networks Australia’s Gas Vision 2050, launched in 2017.
The case for gas
Australia’s gas vision is consistent with other nations around the world as they seek out cleaner energy sources.
Gas is a major part of the equation.
Finfeed readers will know we have extensively covered the China gas crisis.
As Meagan Evans wrote last week, “Air pollution in China is a critical issue. Thankfully, it isn’t one that’s being ignored with the country taking steps to reduce its particulate and carbon dioxide emissions and its reliance on coal. At the same time, China’s rising reliance on crude oil imports is worrying too, as geopolitical tensions heat up in the Gulf and the South China Sea.
“In response, the country has turned to gas. Specifically LNG imports, as domestic and regional gas producers can’t keep up with the rising demand.”
Natural gas provides 44% of household energy, but produces only 13% of household greenhouse gas emissions. Meanwhile, almost 70% of homes use mains or bottled gas with numbers rapidly increasing.
Modern gas power generation produces half the emissions of high-efficient coal plants and half the gas used in Australia contributes $196 billion to the economy employing 949,000 Australians.
Along with hydrogen, gas will play a key role in future energy discussions.
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.