RE: You've seen the RNS8 Jul 2021 11:05
Great to have the analysis, but when they fail to factor in the full supply chain their conclusions contain huge biases. Battery tech is evolving but is still heavily reliant on mining and costly recycling.
Such conclusions seriously risk 'throwing the baby out with the bath water'. Something hit hydrogen stocks badly yesterday!
When you need energy in one place a cable makes sense, but not so for mobility. National Grid are "hedging" cables and gas pipelines to ensure adequate redundant power supply across the UK.
All these rather polarized debates risk losing sight of the need to RAPIDLY de-carbonize to avert climate change.
Energy hub plans include CCS initially to assist in up-scaling Hydrogen but long term greener H2 via electrolysis will dominate. Yes it buys time for those industries to complete their energy transition too, but isn't that important for the financial and pensions system which relies so heavily on those industries remaining profitable? CCS should be fully funded by the fossil fuel industry though, given the technology chiefly exists for enhanced oil/gas recovery.