Tony Abbott annouced carbon capture and storage 4-5 years ago.
And so far not much has been achieved. But Andrew Forrest will take the money for sure as he jumped on the band wagon of the H2 money trail. H2 only makes a buisiness case when you have too much solar panels and not enough batteries. To produce H2 from eloktrolysis is only 30 % efficient. But battery storage is 90 % efficient.
Andrew Forrest/ Gina Rhinhard did not appear on site of Kalbarri after the cylone disaster even so they are both now 20 billion $richer
from WA iron ore. But expect goverment support for H2 DEVELOPMENT. AUSTRALIA first needs locallymade batteries and then if there are still surplus of electricity you can convert that H2.
WE DO NOT NEED chinese or tesla batteries. wegot all the ingredients for batteries here, but import for millionsTesla batteries.
This are basic kowledge but both australian parties dream about H2
economy. H2 is very difficult, dangerous and costly. Whereas batteries are alrady cost competitive and less dangerous especially redox batteries.
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Tony Abbott annouced carbon capture and storage 4-5 years...
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