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re: Stated at CERAWeek: Hydrogen adoption will cost Europe, US more than $1 trillion
Posted on 3/18/24 at 1:26 pm to ragincajun03
Posted on 3/18/24 at 1:26 pm to ragincajun03
quote:
Despite its significant long term potential, hydrogen still costs in the range of $200 to $400 per barrel of oil equivalent
What does this mean? Is it saying the equivalent energy you get from a barrel of oil that you would get from a “barrel” of hydrogen is the same or are we just comparing volumes? Because hydrogen at $200/barrel is less expensive on a $/mj basis when compared to today’s price for a barrel of oil ($86.96)
This post was edited on 3/18/24 at 1:28 pm
Posted on 3/18/24 at 1:29 pm to crazyLSUstudent
quote:
What does this mean? Is it saying the equivalent energy you get from a barrel of oil that you would get from a “barrel of hydrogen is the same or are we just comparing volumes? Because hydrogen at $200/barrel is less expensive on a $/mj basis when compared to today’s price for a barrel of oil ($86.96)
And is that the current price of hydrogen or a projected future price once production ramps up significantly? Because if current prices it's meaningless, the price will no doubt drop considerably.
Posted on 3/18/24 at 1:37 pm to crazyLSUstudent
quote:quote:
Despite its significant long term potential, hydrogen still costs in the range of $200 to $400 per barrel of oil equivalent
What does this mean?
Means the energy in units of btu or joules per bbl of oil versus the equivalent amount of energy from H2.
Posted on 3/19/24 at 8:47 am to crazyLSUstudent
quote:
What does this mean? Is it saying the equivalent energy you get from a barrel of oil that you would get from a “barrel” of hydrogen is the same or are we just comparing volumes? Because hydrogen at $200/barrel is less expensive on a $/mj basis when compared to today’s price for a barrel of oil ($86.96)
BOE (barrels of oil equivalent) is a measure of energy content, not volume or mass.
Also crude oil has a higher volumetric energy density (MJ/L) than liquid hydrogen anyway, so not sure what math you used. Hydrogen has high energy density on a mass basis but it’s poor by volume due to low density, even when liquefied.
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