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Hydrogen Policy’s Narrow Path: Delusions And Solutions
(energyinnovation.org)
everything about energy production
Yes, there are times when there is excess, but big capital expenditures like an industrial-sized electrolyzer come with ongoing interest payments, so there's a huge financial incentive to run them 24/7. Running it only sometimes means sharply higher capital costs for each mole of hydrogen produced. It's a nasty balancing act.
actually, that's not true. I built a hobby-grade hydrolysis machine in my garage for a total of $3. I can't imagine hydrolysis machines to be significantly expensive in general.
The reason why they're expensive today is because they're completely over-engineered. But that's not physics' fault. It's just someone seeking the "highest-quality product" instead of one that makes economic sense.