Crux Alliance’s Post

⚗️Where in Europe is the best place to produce green hydrogen? That’s a question many project developers and governments are trying to answer right now, as the continent seeks to ditch fossil fuels and reach net-zero emissions by mid-century. A new tool developed by Agora Industry shows which European regions can be most competitive when deploying additional wind 🌬 and solar 🌞 power facilities for the first wave of renewable hydrogen production by 2030. The Levelised Cost of Hydrogen (LCOH) map 🗺 shows that windy coastal areas around the North and Baltic Seas and solar-rich regions in Southern Europe could become hotspots for the production of green hydrogen that would then be delivered to off-takers across the continent by pipeline. It’s important to note that the final price of green hydrogen for off-takers is affected by additional factors and will be higher than the projected production costs calculated here. Over time, the costs are also likely to be influenced by the falling price of electrolysers and the growing share of wind and solar in the electricity 🔌 mix, allowing for new business models where hydrogen is produced according to price signals from the power markets. Still, producing hydrogen from renewables will always be more expensive than using the same electricity directly, due to the energy conversion loss from electron to molecule. Whenever possible, the direct use of electricity should therefore be prioritised. 🔎Try the Levelised Cost of Hydrogen tool yourself here: https://lnkd.in/d6BrT9Sv #hydrogen #renewableenergy #energysecurity #climate #industry #Europe Leandro Janke Matthias Deutsch Darlene D'Mello Yu-Chi Chang