Goldman Sachs: The Hydrogen Revolution Accelerates

[Caribbeans]

Goldman Sachs | 17 MAR 2023

Hydrogen has both flexibility and a high specific energy per unit mass – two attributes that make it uniquely capable at removing emissions from the harder-to-decarbonize parts of the global economy.

According to Goldman Sachs Research:

Hydrogen can be used as an energy fuel, energy vector and feedstock.
Hydrogen can be used to store energy over the long term, propel heavy vehicles, and heat furnaces for the manufacture of steel among other heavy industrial uses.
Hydrogen can get us closer to net zero.

“Green” hydrogen, which is produced by using renewable energy sources to electrolyze water and split it into hydrogen and oxygen, is one of the most promising alternatives to “gray” hydrogen, which relies on natural gas supplies – and produces carbon dioxide that then needs to be released or stored. According to a new report from Goldman Sachs Research, government incentives are powering major strides in green hydrogen investments, particularly in the United States...

However, based on projects that have been announced, GS Research estimates as much as 137 GW will be installed by the end of 2030, about 1.7 times more than last year’s estimate of 80 GW. Given the long lead times in creating clean hydrogen production facilities, GS expects even more projects will be announced in the next few years. “Many of the projects for the second half of this decade still have not yet been announced, and are therefore not captured here, implying further upside,” writes Goldman Sachs equity research analyst Michele Della Vigna...more
https://www.goldmansachs.com/insights/pages/the-hydrogen-revolution-accelerates.html

Hydrogen production market to reach $1 trillion, says Goldman Sachs
March 2022

[NNadir]

1. It's unsurprising while the "hydrogen revolution" is purported to be accelerating climate change...

...is screaming us toward oblivion.

I doubt anyone here, other than hydrogen marketing fools, has day to day experience with hydrogen fuels, but everyone on the planet has experience with climate change.

And of course, we have barely literate "equity" people hyping it, from, get this, Goldman Sachs, probably because most of them hold financial "positions" with dangerous fossil fuel companies, and hydrogen is made overwhelmingly from dangerous fossil fuels.

The results of 50 years of hyping hydrogen scams to waste energy, by claiming there's so much of the much ballyhooed "clean energy" that we can squander it by storing it are in:

Week beginning on March 05, 2023: 421.10 ppm
Weekly value from 1 year ago: 418.52 ppm
Weekly value from 10 years ago: 397.49 ppm
Last updated: March 17, 2023

Weekly average CO2 at Mauna Loa

It's not like bourgeois fantasy marketeers give a rat's ass about climate change, as they're clearly here to sell the continued use of dangerous fossil fuels, but still...

[Caribbeans]

2. "hydrogen marketing fools" - you can't just disagree, you have to throw insults

A poster boy for the current downfall of the US.

Full of arrogant, ignorant, belligerent "Americans" that pretend to know it all.

Question for DU Experts:

If I block this extremely rude person will they still be able to pollute my threads?

[NNadir]

3. If you block a DU member, putting them on full ignore, they will still be able post in your threads.

I used to block dumb anti-nukes, you know, the sort of people who want to imply that the release of low level tritiated water at Indian Point might cause a huge health crisis in New York City, but I realized if I logged on a remote computer without signing in, they continued to show up in my threads, often to insult or complain about me, at other times to repeat the same nonsense that left us here:

Week beginning on March 05, 2023: 421.10 ppm
Weekly value from 1 year ago: 418.52 ppm
Weekly value from 10 years ago: 397.49 ppm
Last updated: March 17, 2023

Weekly average CO2 at Mauna Loa

I've been here more than 20 years, as my journal here reflects.

When I joined DU, November, 24 2002, that reading was 372.68 ppm. At that point the International Journal of Hydrogen Energy had been in print for 26 years, often publishing papers suggesting that a hydrogen economy was just around the corner.

I write a lot about climate change, among many other topics, many of them political, and many of the other topics about concerned with general science, in particular chemistry, analytical biochemistry (my field), environmental chemistry from the journals I read regularly, synthetic chemistry, chemical engineering and of course, nuclear technology, nuclear chemistry, nuclear engineering (my son's field) and nuclear physics. Positive commentary on nuclear energy often excites anger and complaints among people for whom, in general, I have no respect.

No sweat off my back.

I would certainly not be surprised if people who clearly care about none of these topics I've listed chose to ignore me.

In fact, if I raise their blood pressure, I'd recommend it. The ignore button can be a wonderful thing. Try it. You may like it.