I haven't followed the technology very closely, but it was my understanding that large scale storage of hydrogen isn't here yet, if it ever will be?
And even if you built out more transmission, you're still limited by how far you can go. On top of that the infrastructure needed to transmit over large distances (1000km) is huge. Then there's a bunch of regulatory red tape to cut through, NIMBY push-back etc.
It's unlikely that a power company has the time, resources, and money to set up such massive transmission projects on top of their core business.
However, it's relatively easy to truck in a bunch of shipping containers filled with ASICs and connected with satellite internet (if in remote areas). Boom, you've just turned negative power prices into positive prices literally overnight.
Maybe such a cost saving gives them the additional capital they need to tackle the larger projects of hydrogen storage or transmission?
And even if you built out more transmission, you're still limited by how far you can go. On top of that the infrastructure needed to transmit over large distances (1000km) is huge. Then there's a bunch of regulatory red tape to cut through, NIMBY push-back etc.
It's unlikely that a power company has the time, resources, and money to set up such massive transmission projects on top of their core business.
However, it's relatively easy to truck in a bunch of shipping containers filled with ASICs and connected with satellite internet (if in remote areas). Boom, you've just turned negative power prices into positive prices literally overnight.
Maybe such a cost saving gives them the additional capital they need to tackle the larger projects of hydrogen storage or transmission?