Don't Sleep on Nuclear Power's Role in the Hydrogen Economy
Green hydrogen tends to receive all the coverage and excitement, but pink hydrogen boasts several notable advantages. Nuclear power plants can produce hydrogen at lower costs, higher volumes, and closer to end-users (industrial customers) than newer projects based on renewable energy.
It could be a win-win scenario. If the nation's atomic fleet gains commercial traction with first-generation processes such as HTSE, then it could provide incentives to develop next-generation nuclear reactors capable of operating at higher temperatures. That would deliver safer nuclear energy, increase the nation's supply of carbon-free electricity, and reduce or even eliminate nuclear wastes -- all while having the added benefit to manufacture the lowest-cost hydrogen on the market through thermochemical processes.
The first Energy Earthshot, launched June 7, 2021—Hydrogen Shot—seeks to reduce the cost of clean hydrogen by 80% to $1 per 1 kilogram in 1 decade ("1 1 1"). The Hydrogen Shot establishes a framework and foundation for clean hydrogen deployment in the American Jobs Plan, which includes support for demonstration projects. Industries are beginning to implement clean hydrogen to reduce emissions, yet many hurdles remain to deploying it at scale. Currently, hydrogen from renewable energy costs about $5 per kilogram. Achieving the Hydrogen Shot’s 80% cost reduction goal can unlock new markets for hydrogen, including steel manufacturing, clean ammonia, energy storage, and heavy-duty trucks. This would create more clean energy jobs, reduce greenhouse gas emissions, and position America to compete in the clean energy market on a global scale. These efforts would ensure that environmental protection and benefits for local communities are a priority. https://www.energy.gov/eere/fuelcells/hydrogen-shot https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172837432
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