To reach net zero emissions by 2050, we need to create a globally affordable and workable zero-carbon energy system. Green hydrogen plays a pivotal role.
Currently the demand for green hydrogen is low. However, it is rising and potentially very quickly. That is thanks to carbon reduction commitments made and strengthened at the COP26 international climate summit in November 2021, and the importance of improving energy security and affordability by reducing reliance on fossil fuels from potentially unreliable sources.
Green hydrogen is produced by splitting water into its component molecules – two hydrogen to one oxygen – via electrolysis using renewable energy. It is an essential counterpart to renewable power generation, providing a means of storing energy to overcome intermittency and balance supply with demand. As an energy carrier, it is also supremely versatile, allowing for use in different sectors including industry and transportation, and in domestic applications.
A growing number of ambitious green hydrogen giga projects will shape the hydrogen market by developing, testing and proving technologies, solving design, delivery and operational challenges, test
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