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1 minute read
Session VI
INFRASTRUCTURE AND OTHER RESOURCES:
Mr. Paddy Padmanathan
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Tomorrow’s fuel: Case Studies from various Regions
No cheaper way to generate energy from wind and solar than with hydrogen and no market pricing is attached to it
Coal- 70-75% is related to market fluctuations but with Green Hydrogen, we can potentially lock the price
USD 3 - 3.5 cents/kWh solar and wind can be produced.
First at-scale plant being produced and can do it at USD 8 cents and can get to USD 2 cents by 2030 Green hydrogen needs to come in fast to be competitive and meet the high demand
Marco Alveras
ACWA Power - have led the reduction of solar power tariffs by 80% and are convinced hydrogen will come down similarly
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"savetheplanetandimprovethejobprospects"
The Netherlands is the largest producer of Hydrogen globally, while the biggest Oil and gas companies are in Africa. Correspondingly, a large hydrogen-receiving facility is being built in Germany.
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Solution is to deliver synthetic methane. Build regional data systems and collaborate for iron and steel production
Need to start from within schools to educate the young.