Earlier quoted context omitted.
Let’s assume at scale you’re buying seasonal power for 0$ so efficiency doesn’t matter and selling it at 10c/kWh given 1$/kWh and a once a year discharge you might break even in 10 years which looks fine except... 1$/kWh is only storage for already existing hydrogen. For this application you also need equipment to both produce and burn it which adds to these costs. Hydrogen generation can’t depend on 0$ prices for ve…
Here in Europe peak electric prices have been far above $1/kWh, rising to around $7/kWh in the worst-hit regions. Due to the build-out of wind power we have also had a few nights of negative electricity prices in recent months. If we had a hydrogen energy storage facility, it could probably have recouped quite a portion of its capital costs this year, depending on its scale. Europe will not be building much base load…
Extrapoatgng prices to stay the same when you swap energy sources and introduce two different kinds of large scale energy sources is clearly wrong.
Ultra low or ultra high prices will represent a small chunk wholesale prices after you construct long term storage. You can’t build equipment that’s utilized 0.01% of the time and expect significant profit.