Investment in hydrogen works in Texas could reach $247bn by 2050, report finds
In Belgium, the Hydrogen Council reported that investment in hydrogen infrastructure in Texas could be worth $247bn by 2050, according to a new Hydrogen in Decarbonised Energy Systems report.
The annual benefit from electrolysers and peakers in the Texas grid by that date could be $2.5bn – while the cumulative benefit of extending life of natural gas infrastructure to facilitate hydrogen could be twice that amount, with a potential hydrogen demand of 16Mt, the report states.
“Texas is endowed with some of the richest energy resource in the world. In addition to an abundance of oil and natural gas, it provides some of the U.S.’s lowest cost solar and wind energy and geology suited to sequestering carbon. This means that Texas can abate emissions using hydrogen from both natural gas and its renewable power resource,” the report added.
The report also noted that production facilities for hydrogen derived liquid fuels (kerosene and ammonia) could make up close to 30% of all hydrogen demand and can replace existing refineries along the Gulf Coast as demand for hydrogen increased while global demand for petroleum products declines and oil production becomes more oriented towards petrochemical products.
