Event: Virtual Asia Clean Energy Forum 2020 MASH UP: Marine solar-to-hydrogen / Unlimited Potential 16 June 2020 Author / Speaker Nick Lambert Creating a truly sustainable hydrogen economy is conceptually simple: use surplus renewable energy to produce H2, ammonia (NH3), methanol, etc. (“energy to X”), and sell into existing global supply chains. Offshore renewable energy, starting with solar and wind, is an obvious option for many of ADB’s member countries due to the upward scalability. Ocean “energy to X” can be thought of as a mining industry which is circular rather than linear, and which is truly sustainable and renewable. The “secret” to competitive hydrogen production costs is in the form of advanced market commitments from buyers which anchor the upstream investment in renewable energy and hydrogen production, similar to traditional LNG export development. Based on current system costs, 1000 MW of marine-solar to hydrogen should be possible with much less than $ 5 billion investment (walkin' around money for people like Bezos, Buffet, and Gates). The countries and industrial partners who “go big” on green hydrogen will own the future. Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Topics Energy Water