Green Hydrogen NewsGreen Hydrogen News
    LinkedIn X (Twitter) YouTube Facebook
    Trending
    • Peregrine Hydrogen Raises $7.8M to Revolutionize Green Hydrogen Production
    • Hexagon Purus Accelerates Zero-Emission Mobility with New Kassel Facility
    • Técnicas Reunidas and Allied Green Ammonia Unite for $8.5B Green Hydrogen Project
    • Meanwhile in Brazil
    • Jordan Becoming Regional Green Hydrogen Powerhouse
    • Worley Gets FEED Work for Central Queensland Hydrogen Project
    • Cyprus Pioneers Europe’s First Hydrogen Valley
    • China vs. USA Race to Dominate the Hydrogen Economy
    LinkedIn X (Twitter) YouTube Facebook
    Green Hydrogen NewsGreen Hydrogen News
    • NEWS
      • Authorities
      • Blitz
      • Breaking News
      • Finance
      • Jobs
      • H2 Plant
      • Politics
      • Press Release
      • Sponsored
      • Stock
      • Tenders
      • Video
    • HYDROGEN
      • Aviation
      • Electrolyzers
      • Fuel Cells
      • Green Hydrogen
      • Hydrail
      • Innovation
      • Pipelines
      • Projects
      • Stations
      • Storage
      • Technology
      • Vehicles
    • SPOTLIGHT
      • Analysis
      • Interviews
      • Podcast
      • Research
      • Reviews
      • Specials
      • Webinars
    • REGIONAL
      • Africa
      • Americas
      • Asia
      • Europe
      • Middle east
      • Pacific
    • CONTACT
    • ADVERTIZE
    • SUBSCRIBE
    Green Hydrogen NewsGreen Hydrogen News
    Home Home - Report
    egypt

    Hydrogen Technologies: Pivotal Energy Source of Future

    Anela DoksoBy Anela Dokso21/07/20233 Mins Read
    Share
    LinkedIn Twitter Facebook Email WhatsApp Telegram

    As the world races towards a sustainable energy future, hydrogen technologies have emerged as a “pivotal” source of energy for the coming decades, according to JPMorgan’s annual global energy outlook.

    In their comprehensive analysis, the investment bank highlights the crucial role of hydrogen in decarbonizing hard-to-abate sectors like steel, ammonia, and heavy-duty transportation. However, JPMorgan also cautions that various obstacles, including regulatory impediments and technological challenges, may hinder the rapid deployment of hydrogen technologies before 2030.

    JPMorgan’s outlook underlines the immense potential of hydrogen technologies in transforming various industrial sectors. Green hydrogen, produced using renewable energy sources, is expected to play a significant role in the global energy landscape. The report identifies Plug Power, ITM Power PLC, and Bloom Energy Corporation as key players driving innovation in the hydrogen market.

    Plug Power has emerged as a leader in providing green hydrogen ecosystem solutions in North America, while Bloom Energy, a fuel cell manufacturer, is making strides towards developing solid-oxide electrolysers. Despite experiencing setbacks, UK-based ITM Power is viewed as having substantial turnaround potential, given its recent operational progress.

    While the potential of hydrogen technologies is undeniable, JPMorgan acknowledges several challenges that need to be addressed for their successful large-scale deployment. Access and cost of renewable power, regulatory and fiscal policy support, transport infrastructure, and end-user readiness are among the hurdles that could slow down the adoption of hydrogen technologies.

    Transportation, particularly ammonia cracking, and end-uses like steel, require further technological progress to unlock their full potential. As a result, large-scale deployment of green hydrogen is expected to take time, with JPMorgan projecting an output of about 10 million metric tons per annum in 2030, representing a mere 0.2% of global energy consumption.

    While hydrogen takes center stage, JPMorgan also recognizes the potential of other technologies in mitigating the future energy shortfall. Blue hydrogen, small modular reactors (SMRs), and nuclear fusion hold promise, but scalability, cost, and commercial readiness are critical factors that will determine their widespread adoption. These technologies are anticipated to gain traction in the post-2030 journey towards achieving a net-zero future.

    In conclusion, JPMorgan’s global energy outlook emphasizes the pivotal role of hydrogen technologies in shaping a sustainable energy future. Green hydrogen, in particular, holds immense promise in decarbonizing hard-to-abate sectors, paving the way for a cleaner and greener industrial landscape. However, addressing the challenges of scalability, cost, and regulatory support will be crucial in expediting the large-scale deployment of these technologies. As the world progresses towards a net-zero future, hydrogen technologies stand as a beacon of hope, providing a pathway to a more sustainable and resilient energy ecosystem.

    green hydrogen hydrogen JPMorgan
    Share. LinkedIn Twitter Facebook Email

    Related Posts

    Peregrine Hydrogen Raises $7.8M to Revolutionize Green Hydrogen Production

    22/09/2023

    Hexagon Purus Accelerates Zero-Emission Mobility with New Kassel Facility

    22/09/2023

    Técnicas Reunidas and Allied Green Ammonia Unite for $8.5B Green Hydrogen Project

    22/09/2023

    Meanwhile in Brazil

    22/09/2023

    Jordan Becoming Regional Green Hydrogen Powerhouse

    22/09/2023

    Worley Gets FEED Work for Central Queensland Hydrogen Project

    22/09/2023

    Peregrine Hydrogen Raises $7.8M to Revolutionize Green Hydrogen Production

    22/09/2023

    Hexagon Purus Accelerates Zero-Emission Mobility with New Kassel Facility

    22/09/2023

    Técnicas Reunidas and Allied Green Ammonia Unite for $8.5B Green Hydrogen Project

    22/09/2023

    Meanwhile in Brazil

    22/09/2023

    Subscribe to Updates

    Get the latest news from the hydrogen market subscribe to our newsletter.

    Final Transparent Green Logo (horizontal)-desktop version (RGB)
    LinkedIn X (Twitter) Facebook YouTube

    News

    • Inteviews
    • Webinars
    • Hydrogen
    • Spotlight
    • Regional

    Company

    • Information
    • Advertising
    • Media Kits
    • Contact Info
    • GDPR Policy

    Subscriptions

    • Subscribe
    • Newsletters
    • Sponsored News

    Subscribe to Updates

    Get the latest news from EnergyNewsBiz about hydrogen.

    © 2023 EnergyNews.biz
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.