Rystad Energy’s recent analysis raises critical questions about the feasibility of transitioning Europe’s steelmaking industry to greener alternatives using green hydrogen.
Browsing: Rystad Energy
The global buzz surrounding natural hydrogen, also known as white or gold hydrogen, is rapidly gaining momentum as a potential game-changer in the quest for cost-effective and low-carbon energy sources.
As the world accelerates to net zero, hydrogen infrastructure is emerging. Switching oil and gas infrastructure to hydrogen is not always feasible.
According to analyst Rystad Energy, rising raw material costs could increase the cost of manufacturing PEM electrolysers this year while decreasing the cost of manufacturing alkaline machines.
Rystad Energy research predicts that low-carbon project spending will rise by $60 billion this year, 10% higher than in 2022, driven by wind development but also by increased expenditure for hydrogen and carbon capture, utilization, and storage (CCUS) infrastructure.
As the cost of blue and gray hydrogen increases in lockstep with rising fossil fuel prices, Rystad Energy research predicts…
However, according to a Rystad Energy report, the majority of the proposed projects would be built in places where water is scarce.
Taking into account the postponement of several final investment decisions (FIDs) on projects and lower investments in offshore oil and…
