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The end of ‘Twiggy’ Forrest's hydrogen dream
Jul 31, 2024
Andrew Forrest, a mining magnate renowned for his commitment to green hydrogen projects, joins Mike Seccombe, a national correspondent for The Saturday Paper. They discuss the rising skepticism surrounding hydrogen's viability in renewable energy. The conversation delves into the ambitious beginnings of hydrogen initiatives in Australia, the challenges posed by political tensions, and the critique of major energy ventures. As Forrest scales back his green hydrogen projects, they navigate the fraught landscape of energy policy and the shifting perceptions of hydrogen technology.
16:06
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Quick takeaways
- Hydrogen was initially celebrated for its versatility in decarbonization, but complexities and costs have led to a significant reevaluation of its viability.
- Despite reduced enthusiasm for hydrogen as a transportation solution, it may still play a crucial role in specific industries like iron and aluminum production.
Deep dives
The Rise and Fall of Hydrogen Expectations
Hydrogen was initially heralded as a breakthrough energy source, touted for its abundance and potential to decarbonize various industries. Enthusiasts pointed to its versatility, claiming it could be used for everything from powering vehicles to home heating and as a means of storing renewable energy. A significant development involved the success of hydrogen cars powered by ammonia in Queensland, illustrating the promise hydrogen held for making Australia a renewable energy leader. However, shifting realities have led many, including key proponents, to reconsider hydrogen's role in the energy landscape as practical applications proved more complex and costly than anticipated.
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