Global hydrogen focus is gaining traction
Published 29-JUL-2019 15:06 P.M.
3 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
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.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (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 and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.