According to the International Energy Agency’s (IEA) research, “Global Hydrogen Review 2022,” the current energy crisis has increased interest in hydrogen, but more political backing is required to promote new and cleaner usage in heavy industries and long-distance transportation.
With this assistance, between 16 and 24 million tons of low-emission hydrogen will be produced annually in 2030 using electrolyzers or carbon capture, storage, and use (CCUS) technology.
Less than one million tons of low-emission hydrogen were produced globally in 2021, according to the report, which was presented at an Enerclub-sponsored event. These tons came from facilities that burn fossil fuels while capturing, using, and storing carbon. adding that the annual production of electrolysers is currently over 8 gigawatts (GW), with China and Europe leading the way, according to announcements from the sector.
Experts emphasize that this output will be based on demand, therefore there may be a shift toward other nations like the United States, which is committed to the growth of these projects through major help and clear and flexible political measures.
According to the analysis, 100 million tons of carbon dioxide would need to be avoided worldwide by 2030 in order to achieve net zero emissions in 2050.
On the other hand, the research notes that, in areas with renewable resources and existing reliance on imported fossil fuels for hydrogen production, renewable hydrogen may already compete with hydrogen from fossil fuels at present pricing.
