At current pace of about 60 GW/y, we would need about 25 years of installations before we can generate enough hydrogen.
And that is if all our efforts go into steel, ignoring other industries, electric mobility, or decarbonizing current power demand in the meantime
Assumptions:
1270 Mt iron ore consumed in China in 2018, with 62% pure iron content, World steel in figures of the world steel association.
3 mol H2 to reduce 1 mol Fe
H2 energy content of 142 MJ/kg
75% electrolyzer efficiency
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