A Study on the Price Economics of natural gas vs. Green Hydrogen for Non-subsidized Industrial Customers

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Authors

  • Prateek Vyas
     School of Petroleum Management, Pandit Deendayal Energy University, Gandhinagar - 382007, ,IN
  • Pramod Paliwal
     School of Petroleum Management, Pandit Deendayal Energy University, Gandhinagar - 382007 ,IN

DOI:

https://doi.org/10.18311/jmmf/2022/32321

Abstract

Hydrogen as a molecule has seen traction from all the stakeholders of the energy ecosystem, with green hydrogen’s ability to store renewable energy in volume and duration that overrides the capability of best of the battery storage system developed in the previous decades; hence, it also provides round the clock renewable power for both stationary and mobile applications. India Inc. has identified that its leadership in this initiative has a significant impact on its global economic presence, providing an opportunity to become energy independent in the next three decades and turn the fulcrum towards becoming a net energy exporter from one of the major importers of energy. India Inc has taken an aggressive approach termed as 1:1:1, targeting the cost of generating green hydrogen at $1/1kg/in 1 decade. This research paper identifies the positioning of key pricing variables like hydrogen generation technologies and storage and transport mechanisms for green hydrogen and simultaneously identifies the impact of 1:1:1 on natural gas pricing by 2030 overlaying the impact with the increasing demand for renewable fuel green hydrogen over clean fuel natural gas. This research paper will help identify readers with natural gas’s estimated selling price point over the next decade under the influence of green hydrogen as the dominant fuel.

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Published

2023-04-04

How to Cite

Vyas, P., & Paliwal, P. (2023). A Study on the Price Economics of natural gas vs. Green Hydrogen for Non-subsidized Industrial Customers. Journal of Mines, Metals and Fuels, 70(12), 640–655. https://doi.org/10.18311/jmmf/2022/32321

Issue

Volume 70, Issue 12, December 2022

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

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