Connect with us

Europe

Renewable hydrogen can journey by present pipelines, CEO says – NEWPAPER24

Published

on

advertising

Renewable hydrogen can journey by present pipelines, CEO says

2021-07-30 14:41:49

advertising

The CEO of Italian infrastructure large Snam on Friday outlined a imaginative and prescient for the way forward for hydrogen, saying the “magnificence” of it was that it might be simply saved and transported.

Talking to CNBC’s “Squawk Field Europe,” Marco Alverà spoke about how present techniques could be used to facilitate the supply of hydrogen produced utilizing renewable sources in addition to biofuels.

“Proper now, in the event you flip in your heater in Italy the gasoline is flowing from Russia, all the way in which from Siberia, in pipelines,” he mentioned. 

“Tomorrow, we could have hydrogen produced in North Africa, within the North Sea, with photo voltaic and wind sources,” Alverà mentioned. “And that hydrogen can journey by the present pipeline.”

Alvera mentioned Snam had examined totally different percentages of mixing – together with as a lot as 100% hydrogen – in present pipes, and it had labored.

“In order that’s an power transition utilizing the infrastructure now we have,” he mentioned. “And the superb information is that this new renewable power will value lower than present fossil gas power, which is [a] actual breakthrough.”

Learn extra about clear power from CNBC Professional

Described by the Worldwide Vitality Company as a “versatile power service,” hydrogen has a various vary of functions and might be deployed in sectors equivalent to business and transport.

It may be produced in plenty of methods. One methodology consists of utilizing electrolysis, with an electrical present splitting water into oxygen and hydrogen.

If the electrical energy used on this course of comes from a renewable supply, equivalent to wind or photo voltaic, then some name it inexperienced or renewable hydrogen.

Presently, the overwhelming majority of hydrogen era relies on fossil fuels, and inexperienced hydrogen is dear to provide.

Challenges forward

In an interview with CNBC on Friday, Enel CEO Francesco Starace mentioned there was “no competitors for capital between hydrogen and renewables.”

“Hydrogen right now is a distinct segment, and it’s a area of interest that should turn into industrial customary and into … massive business, aggressive pricing,” Starace mentioned, signaling that such a shift would in all probability take 10 years.

“So it is a massive effort in R&D, it is a massive effort in prototypes, a giant effort in pilot crops, however nothing in comparison with what goes on, on the very massive and aggressive battlefield of renewables right now.”

Certainly, whereas there’s pleasure concerning the potential position hydrogen may play going ahead, it nonetheless has challenges.

Earlier this week, a briefing from the World Energy Council mentioned low-carbon hydrogen wasn’t “value aggressive with different power provides in most functions and places.”

It added that the scenario was unlikely to alter until there was “vital help to bridge the worth hole.”

The evaluation — which was put collectively in collaboration with PwC and the U.S. Electrical Energy Analysis Institute — raised the query of the place funding for such help would come from, but in addition pointed to the growing profile of the sector and the optimistic impact this might have.

advertising

advertising

More hot News

Select Category

PAY NOW WITH PAYPAL

PAY CONTENT CONTRIBUTIONS AND BANNER ADVERTISEMENTS HERE

GET ALL NEWS FOR FREE

Advisting Get all news by mail for free, register now for free.

FREE Horoscope