RE: Dennis Schulz from LinkedIn - Exciting Week Ahead15 Jul 2024 12:01
The ball will get rolling when enough people realize that hydrogen is still our best route to achieve long term (renewable) energy storage, as per the Royal Society report. The scale required is enormous on a 100s of TW(H) level, orders of magnitude greater than the biggest batteries - even redox flow batteries - in existence. This requires massive investment at a grid level but also very careful planning at a market level because the objective is to generate excess energy for storage (and for potential export), and retain it - for use during long cloudy cold windless periods, e.g. Dunkelflaute. Storage i/p is mostly continuous, but storage o/p is intermittent, hence the need to design a market to allow it to be a profitable venture. The UK has vast potential for i/p, but without storage we are doomed and a massive export opportunity will be lost.