Hydrogen – The Critical Missing Piece of Clean Energy Transition?
Hydrogen is increasingly seen as having the greatest potential to close the energy production and consumption demand gap.
Hydrogen is energy-dense. Hydrogen is the most abundant element in the universe. When hydrogen is burnt, it produces water and does not emit any carbon dioxide. It is totally clean and has zero carbon. Green hydrogen, which is produced using renewable energy to break down water into hydrogen and oxygen by electrolysis, does not emit any carbon dioxide in the production process.
Being energy-dense, hydrogen can be stored as a standby fuel for hydrogen-ready gas turbines during periods of peak loads. Hydrogen can be an energy carrier for export.
However, hydrogen by itself does not exist naturally under room temperature and energy is needed to produce hydrogen.
Industry experts believe green hydrogen must be produced at a cost of around US$1.50/kg to be competitive with other fuel types, and we may be close……
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