Green Hydrogen’s Impact on Renewable Energy Development
Time: 2:55 PM - 3:40 PM
Date: 26/02/2025
Synopsis
The cost of clean electricity accounts for over half of the cost of hydrogen production from electrolysis. Co-locating solar or wind with hydrogen production facilities presents an opportunity to lower hydrogen production costs while optimizing renewable energy resources. Using today’s $29/MWh for solar and 35 percent capacity factor, based on the 2020 National Renewable Energy Laboratory (NREL) Annual Technology Baseline, hydrogen costs approx. $7.50/kg, which is a far cry from the $2 goal the DOE has aimed for by 2030. Co-locating electrolyzers with both onshore and offshore wind farms can reduce transmission losses, minimize network charges, and avoid costly infrastructure upgrades, making hydrogen production more competitive. How can infrastructure, energy demand, and co-location shape investment decisions for renewable energy producers?
- What policy incentives and government initiatives entice energy producers to accelerate solar & wind co-location projects in regions with high solar potential like the Southwest?
- How can the West Coast’s various renewable energy profiles, work together to build complementary clean energy solutions for hydrogen production?
- How can co-location help mitigate transmission losses and reduce grid congestion?
Moderator
Patrick Murphy Vice President - Sierra Club
Speaker
Chuck Okolie Hydrogen Senior Manager - Matrix Renewables
António Fayad H2 Strategy & Origination - EDP Renewables
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