And yes, the first try at this typo'd 119 as 199. Sorry!
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244 euros or even 119 euros per MWh is expensive power, but it's not totally ridiculous to cover the last 10-20% of grid decarbonisation. So we're not totally dismissive of H2 for seasonal load shifting long term.
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It's a bit hard to see nearer term applications though. Fuel cells are high capex too, so you need to be using them a lot to make it worthwhile for home heating. And H2 vehicles are fast losing to EVs.
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Could you give a link for this?
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Key assumption: electrolysis is done when electricity on the German spot market is priced below average (32 euros/MWh) - electrolyser ends up running at about 51% utilisation, using power at average price of 16 euros. Utilisation really matters because electrolysers aren't cheap.
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244 euros or even 119 euros per MWh is expensive power, but it's not totally ridiculous to cover the last 10-20% of grid decarbonisation. So we're not totally dismissive of H2 for seasonal load shifting long term. (Repeated due to typo - I am clearly not doing well tonight!)
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Perhaps we can afford this for the last 5% of grid decarbonisation. would hope intelligent vehicle to grid charge logic would allow us to harness a massive mobile battery storage to meet another 10%. /1
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With Demand side management meeting the remaining 5%. A suite of smart grid levers should be more economic than any one technology. /2
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Thanks for quantifying this for us. These sort of “how much would it cost to decarbonize in X way” estimates based on actual price and CF estimates are really valuable for informing discussion.
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