Thread: Green or green washing?

BHP "Australian uranium is sold for nuclear power generation only, a low emissions source of electricity. Therefore, also for illustrative purposes, we have measured all revenue from uranium as green revenue. For FY2022, BHP’s green revenue from uranium was US$207 million, which is a decrease of 17 per cent on FY2021."

Green Washing is price for U308 has doubled and BHP sold only to the spot market ! This could be in Grumpy old buggers

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Germany has been very very lucky so far!
"A grid operator in southwest Germany asked users to reduce electricity demand on Friday to help balance the network.

TransnetBW GmBH posted an orange alert on its app asking consumers to save electricity starting at 8 p.m. until 10 p.m. local time. The operator also requested power imports to increase supplies and offset a bottleneck created by large volumes of wind generation trying to access the grid in the north.
The alert of the StromGedacht app does not signal that power cuts are imminent, said the regional grid operator in an emailed statement. “But it does signal that TransnetBW must do more than usual to keep the power grid stable.”


Not a happy mix I think!

Germany is suffering what many countries are suffering with electricity generation. It has become a political football rather than a rational decision. As a result no political party will make a decision as what ever they do will upset one of the vested interests

"announcement that Equinor, Air Liquide, and Eviny were completely abandoning their Norwegian green hydrogen shipping fuel project. They had a site picked out next to an Equinor refinery where they were going to build an electrolysis plant and manufacture six tons of liquified hydrogen a day.
At about 50 MWh per ton of hydrogen for electrolysis, that’s about 300 MWh per day. And at about a third of the energy in the hydrogen to liquify it, that’s another 67 MWh or so. Add in energy for everything else in the facility and let’s call it around 380 MWh per day. That would have been about 140 GWh per year, assuming fairly constant production. The electrolyzer itself would have been in the 12.5-20 MW range depending on utilization.
They’d have been paying industrial prices for major users, about $58 USD per MWh at average rates over the past 15 years. That covers multiple generation sources, transmission, firming, and regulatory prices. That would have been about $8 million annually, just for electricity. That’s about $3,700 per ton of liquid H2, or about $3.70 per kg. This cost of electricity isn’t going to go down. It’s already among the lowest rates for electricity that exist or even can exist until late stage grid decarbonization with massive amounts of renewables, HVDC, and storage having mostly been amortized. That’s 2100 or so, and can safely be ignored.
That’s just operational costs, by the way. Assuming an 80% utilization factor, the electrolyzer would be in the 16 MW range. As the IEA dryly notes, “CAPEX requirements are currently in the range of USD 500-1 400/kWe for alkaline electrolysers and USD 1 100-1 800/kWe for PEM electrolysers, while estimates for solid oxide electrolyser cell (SOEC) electrolysers range across USD 2 800-5 600/kWe.” Assuming the lower end of this range, let’s take $1,200 per kWe, suggesting an electrolyzer only CAPEX of about $19 million. Amortizing that over a few years adds perhaps $4 million per year, making the cost of the hydrogen about 50% higher, in the range of $5,600 per ton. It’s quite probable that electrolyzers will get cheaper, but they won’t be coming in every box of Cracker Jacks.

"

Lots of hype and then the suckers get burnt!

Some amazing tech and projects. Care is required on what is spin and what is reality!

it is all about the real cost not just the imagination
Another Hydrogen For Energy Play Predictably Fails, This Time In Marine Fueling - CleanTechnica

If it smells like a duck- quacks like a duck it ......

"The researchers looked into how many green claims an Australian sees on an average day, online, offline, at the shops or on public transport.

They saw an average of 122 green claims across 17 sectors in a 24-hour period, but they also found that only 31 per cent of those claims had any supporting evidence or verification. A lot of them just weren't any good"


ASIC in the mix "ASIC has alleged that Mercer Superannuation misled their customers with how they represented their sustainable investment options."


Of interest how much will it cost the wafflers? "Last year, the US financial regulator, the Securities and Exchange Commission, fined two financial institutions millions of dollars for making similarly misleading representations. "


Why corporate regulators such as ASIC and the ACCC are taking greenwashing more seriously - ABC News

Originally Posted by NavyDiver

"announcement that Equinor, Air Liquide, and Eviny were completely abandoning their Norwegian green hydrogen shipping fuel project. They had a site picked out next to an Equinor refinery where they were going to build an electrolysis plant and manufacture six tons of liquified hydrogen a day.
.......
Lots of hype and then the suckers get burnt!

Some amazing tech and projects. Care is required on what is spin and what is reality!

it is all about the real cost not just the imagination
Another Hydrogen For Energy Play Predictably Fails, This Time In Marine Fueling - CleanTechnica

But they didn't go ahead with it, so they didn't get burnt: if the numbers don't stack up these projects don't proceed.

Originally Posted by Arapiles

But they didn't go ahead with it, so they didn't get burnt: if the numbers don't stack up these projects don't proceed.

Yes and no- Millions of shareholders invested in the hype lost money

I love this topic- German shutting fantastic c02 free power already paid for and able to work for almost 100 years is my oddity of the century.

Now the UK with money actually costing has found several years dreams are not economically viable 28 billion green washing. Rachel Reeves waters down Labour PS28bn green projects pledge - BBC News

Bo Jo resigned bo hoo, no more fun in UK politics perhaps