WDS 0.51% $25.87 woodside energy group ltd

Ann: Full-Year 2021 Results and Briefing, page-6

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  1. zog
    3,071 Posts.
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    I have to agree all we need is to add nuclear energy to the list (like the Europeans taxonomy) and it's all go for the next couple of decades. What puts WPL in a good light is that Scarboro' and Sangomar are new fields and will come into operation a the right time - others have a dearth of investment and with well depletion leave a gap in supply during the second half of this decade when our well will be going strong. Hopefully WPL will look at the nuclear option (High temperature steam electrolysis using solid oxide electrolysers - potentially reversible to fuel cells) for producing H2 in Oklahoma (interesting that they say nothing about renewables for this site in their climate change report) and that Kwinana is primarily a methane reforming play(using offsets) with only a cursory glance toward inefficient (and non reversible) cold water electrolysis (alkaline/PEM electrolysers) using renewables with uneconomic capacity factors.

    Will be interesting to see what happens about their Tasmanian "green" H2 project where they say they will use cold water electrolysis but I guess in Tassie it's windier than most places and they have hydro (and pumped storage) which should improve capacity factors particularly if they can get a subsidy from the Tassie government (I guess the economics for Tassie will hing on a subsidy). Hopefully they will also look at pyrolysis for Kwinana (once it matures) for H2 rather cold water electrolysis (using renewables) - it should be a far better economic case (it uses about 5 times less energy to produce the same amount of H2) and is just as "green".
 
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