https://www.lexology.com/library/detail.aspx?g=1d0dfde5-ebb5-4bfe-b62d-73e122a1a741
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Deloitte Consulting estimates the global hydrogen market could be worth about US$2 trillion by 2050. At that point, hydrogen is expected to account for 24% of the global energy market, backing up the high usage of renewables. In Deloitte’s view, hydrogen is the only hope of achieving decarbonisation as the gas, which emits no carbon when burnt, can be used in hydrogen fuel-cell buses, trucks and other heavy vehicles and in power generation and industrial processes that have few options to cut their carbon footprint."
https://www.innovationaus.com/govt-brings-in-deloitte-to-help-with-hydrogen-grants/
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Govt brings in Deloitte to help with hydrogen grants"
The federal government has brought in multinational consultancy Deloitte to assist in dishing out Commonwealth funds to hydrogen projects as concerns grow over outsourcing within the Industry department....
Under the contract, Deloitte will provide expert advice and due diligence for the assessment of applications and implementing plans of successful applicants for the grants program. This will be specifically for round 1 of the Regional Hydrogen Industry: Clean Hydrogen Industrial Hubs – Implementation Grants.
The program will provide matched grant funding of $30 million to $70 million to hydrogen industry-led consortia with investment-ready clean hydrogen projects.
The scheme has identified seven prioritised regional sites, including the LaTrobe Valley in Victoria and Belly Bay in Tasmania.
Deloitte has also previously completed a report for the government’s National Hydrogen Strategy Taskforce, identifying possible pathways for the development of the hydrogen industry in Australia.
The federal government has positioned hydrogen as a key growth area to drive its set aim of net-zero emissions by 2050"
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Both the above articles are from 2 days ago. After seeing the ALDP Govt handled debacle - I like the idea of Deloitte dishing out the $30-70m. Deloitte are
huge believers in hydrogen. Also, nice to see... "
The scheme has identified seven prioritised regional sites, including the LaTrobe Valley in Victoria"...LV mentioned first.
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The Statement establishes 5 priority low emissions technologies – clean hydrogen, energy storage, low carbon materials (steel and aluminium), CCS and soil carbon.
‘If these technologies achieve widespread deployment globally, they will significantly reduce emissions from energy, transport, agriculture and heavy industry,’ the Minister said. ‘These sectors account for 90% of global emissions and emit 45 billion tonnes each year.’
Above.... I had another look at the Fed Govt
original statement on its hydrogen technology ambitions. Let's see how the ECT consortium stacks up against the Govt criteria:
clean hydrogen - Coldry/COHgen...tick
energy storage - Providence/LAVO/GrapheneX/ Coregas...tick
low carbon materials (steel and aluminium) - LV EnergyAustralia lignite, GrapheneX, HydroMor, no need to manufacture land/carbon intensive wind/solar....tick
CCS - no need (this is huge)...tick tick
soil carbon - ECT agricultural char in massive cheap quantities...tick tick
ECT & partners
tick every box in a major way imo. Plus the huge bonus of not needing carbon capture & storage. Imo ECT's consortium will go close to getting the full $70m.
Who are the ECT competition in the LV? All the other potentially innovative lignite drying techs are history - Exergen, CEA etc. Coldry is the
last man standing. How can AGL etc have a serious bid without an innovative lignite drying tech....???? Imo, Deloitte will understand economic lignite drying is the
essential first step. Coldry is the key - perfect timing for Coldry BM Feb commissioning.
"We're working to develop our net-zero hydrogen refinery, which could deliver H2 well under $3/ kg before 2030"
ECT said the above on LinkedIn 2 days ago. That's the first time I've seen ECT state that. The over reaching Govt aim is to
produce net zero hydrogen at or below $2/kg. Imo ECT are already streets ahead of any of the electrolyzer hydrogen groups. Thinking about it - they need enormous quantities of wind/solar & electrolyzers that are hugely expensive & haven't been developed/scaled up yet. To be fair, Coldry/COHgen hasn't been commercially proven yet either - but I believe Ashley & his engineering team have made huge improvement gains since ALDP recipient CEA chose Coldry as it's drying solution back in 2012. Imo, Coldry has been proven on a singular module basis. All the scaled up BM plant is - is many modules joined together. Imo - that's how the ECT consortium partners view it too. Done deal imo.
In the most simple analysis - ECT bypasses wind/solar - uses cheap abundant lignite instead. No wonder ECT is attracting the consortium they have. All imo.
(PS....some of my recent posts might be repetitive for LT holders - but I think it's important to have some repetition opinions of ECT's potential for the benefit of newer holders/observers)
tick tock...