Re:'A complete failure' Japan's 'fantasy' hydrogen strategy ...
by gary_0 on Monday January 23, 2023 @01:13AM
(#34486050)
> power they provide is all op ex, rather than cap ex
And hydrogen is the same: producing it, transporting it, getting it to end consumers... lots of op ex. Whereas with pure electric you just need wires and batteries, and there is none of the efficiency loss of converting energy into hydrogen and having to transport it as mass and worry about leakage.
But for rent-seeking old-money megacorps, the inefficiency is a feature, not a bug. They can take a percentage of all that waste as profit.
And hydrogen is the same: producing it, transporting it, getting it to end consumers... lots of op ex. Whereas with pure electric you just need wires and batteries, and there is none of the efficiency loss of converting energy into hydrogen and having to transport it as mass and worry about leakage.
But for rent-seeking old-money megacorps, the inefficiency is a feature, not a bug. They can take a percentage of all that waste as profit.