Hydrogen Economy



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Wind, Solar, & Renewable Hydrogen.

hydrogen gas can be produced by applying an electrical current to water.

The process, called electrolysis or “water-splitting,” was a non-starter back when fossil fuels were relatively cheap and wind and solar were still relatively expensive (setting aside hydropower, which is its own thing).

Now that wind and solar costs have dropped, the financial prospects are coming into sharper focus. The key idea is that renewable hydrogen can function as a long duration, transportable, bulk energy carrier and energy storage platform for wind and solar power.



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Demand for pure hydrogen is around 70 Mt per year, mostly for oil refining and chemical production.

  • Low-carbon hydrogen production replaces conventional hydrogen in existing industrial applications.

  • Demand in new sectors (e.g. some transport and industrial applications, gas grid injection and electricity storage), use make it a leading clean-energy vector.

  • Scale-up, cost reductions and improvements (in efficiency, lifetime and process integration) of cross-cutting technologies such as electrolysers, fuel cells and hydrogen production with carbon capture and utilization or storage (CCUS)