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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
Posted by crazyLSUstudent
391 miles away from Tiger Stadium
Member since Mar 2012
5544 posts
Posted on 3/18/24 at 1:26 pm to
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 by DavidTheGnome
Monroe
Member since Apr 2015
29542 posts
Posted on 3/18/24 at 1:29 pm to
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 by GumboPot
Member since Mar 2009
119637 posts
Posted on 3/18/24 at 1:37 pm to
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 by lostinbr
Baton Rouge, LA
Member since Oct 2017
9768 posts
Posted on 3/19/24 at 8:47 am to
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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