Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Green hydrogen
  • Blue hydrogen
  • Storage & Transportation
  • Consumption
  • Strategies & Trends
  • Finance
  • Interactive Hydrogen Dashboard
Search
Related Articles
Equinor and SSE Thermal buy Triton
Firms will soon start preparations to convert Triton’s Saltend power station to run on blend of natural gas and hydrogen
Finland mandates hydrogen network
State-owned Gasgrid will establish a subsidiary to develop and operate national hydrogen infrastructure
Equinor evaluates second Humber project
Norwegian energy company submits plans for second blue hydrogen project in UK’s Humber region with potential 2028 startup
War adds impetus to Europe’s gas decarbonisation
Gas businesses have embraced the acceleration of decarbonisation prompted by the Ukraine war but are concerned about the feasibility of new targets—especially for hydrogen
Blue hydrogen is ‘greenwashing’ – Forrest
Chairman of FFI says governments should pursue only green hydrogen and pivot away from natural gas as soon as possible
Protium raises £40.5mn in funding round
Cash will allow the firm to accelerate its portfolio of green hydrogen projects and support the development of its in-house digital capabilities
ITM winning more contracts
Firm’s backlog stood at 755MW at year-end, with recent agreements including a key deal to construct a 24MW electrolyser for Yara in Norway
UK must support pink hydrogen – HFCA
Policies needed to support hydrogen projects powered by new wave of nuclear plants, says industry body
No big shift to hydrogen likely in UK heating – Octopus
Heat pumps likely to win out in household heating as cost of hydrogen will hold it back, CEO of green hydrogen company tells First Element conference
EU hydrogen backbone commits to supply corridors
Pledge delivered to the European Commission says members of the EHB initiative will deliver the infrastructure required to support EU hydrogen targets
Technologies are competing for the household heating market
UK Gas Heating
Stuart Penson
8 June 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

No big shift to hydrogen likely in UK heating – Octopus

Heat pumps likely to win out in household heating as cost of hydrogen will hold it back, CEO of green hydrogen company tells First Element conference

Hydrogen will fail to achieve a significant breakthrough as a fuel in the UK’s future low-carbon domestic heating market because it will cost too much compared with natural gas and electricity in the long term, according to green hydrogen project developer Octopus Hydrogen. Green hydrogen production costs would need to drop to around 50p/kg (62¢/kg) even to match the UK’s long-term average gas price of 70p/th, Octopus Hydrogen’s CEO and founder Will Rowe told Gulf Energy Information’s First Element hydrogen conference in London. Rowe puts UK green hydrogen production costs at about £10/kg based on current electricity prices, implying a 20-fold increase in household heating bills. In the long

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Steelmaking with hydrogen faces supply problem – Ieefa
30 June 2022
Scarce high-grade iron ore supply is a potential barrier to the widespread use of green hydro-gen in the decarbonisation of steelmaking
Ineos receives state finance for electrolyser study
30 June 2022
Firm plans to build and operate 100MW electrolyser to decarbonise ammonia production at Cologne site
Investors flock to Oman’s hydrogen sector
30 June 2022
Progress of projects on the ground is outpacing policymaking in the sultanate
Higher diesel prices drive interest in fuel-cell generators – AFC
30 June 2022
Company books first commercial order for its S Series system and aims for revenue growth in 2022

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Hydrogen Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2022 The Petroleum Economist Ltd
Cookie Settings
;

Search