Linde will invest more than $1 billion in decarbonization projects and increase the quantity of clean hydrogen produced by 2028, according to the industrial gas giant’s 2020 Sustainable Development Report.

The study emphasizes Linde’s investment across the hydrogen value chain to speed the sustainable energy transition. Linde plans to seek competitive low-carbon hydrogen sources such as energy-efficient steam methane reformers (SMRs) with carbon dioxide collection, electrolysis using renewable power, and exploring novel low-carbon technologies.

According to the paper, grey and blue hydrogen are “important stepping stones” on the route to green hydrogen because they “allow the essential frameworks and infrastructures to be developed,” whereas green hydrogen reaches the “necessary scale.”

Linde’s clean energy plan is built around clean hydrogen. The company claims to have the world’s largest liquid hydrogen production capacity and distribution infrastructure, as well as the first commercial high-purity hydrogen storage cavern.

Linde also operates over 200 hydrogen stations and 80 hydrogen electrolysis units around the world.