New projects, agreements, and technology for producing and storing green hydrogen have been disclosed by numerous businesses and laboratories in Germany, Canada, the United States, Indonesia, and Thailand.
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The objective is to create green hydrogen there without CO2 using wind energy while testing both its integration into the energy system and its individual parts.
UK government declared in August that it hoped the UK would become a global leader in the hydrogen industry, leading to the creation of “tens of thousands of jobs” and “billions of pounds of investment” via export potential.
A Memorandum of Understanding (MoU) between Metacon and the Kempten, Germany-based Abwasserverband Kempten has been inked to work together on local, off-grid green hydrogen production from biogas using wastewater as a source of methane.
The company may manufacture green hydrogen for $2–$3 per kilogram (kg) by 2026 and for less than $1 per kg by 2030 with projects in Egypt and Oman. The International Energy Agency (IEA) estimates that a kilogram of renewable hydrogen now costs $3 to $8.
Over the next three years, it is intended to produce 900 MW of storage-enabled renewable energy across Spain and Portugal.
According to Prime Minister Narendra Modi, Gujarat would grow into the largest green hydrogen center in the world and draw investments totaling $8–10 billion from around the globe for the development of green hydrogen and its ecosystem.
HRCs could take advantage of their hydrocarbon resources, geographic locations, access to abundant renewable energy (in some cases), and highly developed infrastructure.
ACWA Power has signed a Memorandum of Understanding (MoU) with Thai government agencies to establish large-scale renewable-powered green hydrogen and derivatives production facilities at an investment of $7 billion.
The region’s energy, manufacturing, and transportation industries could undergo a revolution thanks to green hydrogen, which would turn it into a global center for the so-called “energy vector of the future.” However, there are certain significant obstacles to its ongoing deployment that must be considered.
