The cost of producing green hydrogen is a significant barrier, with a price tag of up to $8 per kilogram, roughly six times the cost of liquefied natural gas in Asia. To make green hydrogen more accessible, there’s a need to reduce production costs significantly.
Germany’s ambitious hydrogen plans have encountered a transportation dilemma, threatening to inflate the country’s hydrogen import costs.
Latin America, blessed with vast water reserves, competitive labor costs, and existing clean energy infrastructure, seems poised for green hydrogen production. However, challenges in building a robust production infrastructure and a coordinated market persist.
The global ammonia industry is set for significant growth, with capacity expected to increase from 238 million metric tons per annum (mtpa) in 2022 to a substantial 311 million mtpa by 2030. This expansion is driven by 114 planned and announced ammonia plants scheduled to come online within this period, primarily in North America and the Former Soviet Union.
The pursuit of green hydrogen as a clean and sustainable energy source has been propelled to the forefront of the global energy transition. At the heart of this endeavor lies a fundamental process: water splitting, where water is transformed into oxygen and hydrogen through electrolysis.
The global push for renewable hydrogen is well underway, with hydrogen electrolyzers at the forefront of this green revolution. In Europe, the development of these electrolyzers is integral to the Net-Zero Industry Act, a significant part of the EU’s green industrial policy. However, the landscape of this emerging industry is far from settled, with Europe, China, and the United States vying for supremacy in electrolyzer technology.
Sinopec, the energy giant, recently unveiled a groundbreaking achievement in China’s quest for clean energy. The Xinjiang Kuqa green hydrogen demonstration project, the country’s largest photovoltaic power generation direct green hydrogen production initiative, has been successfully completed and is now operational.
Engineering giant Larsen & Toubro (L&T) is embarking on a new path in India’s green hydrogen landscape by embracing the asset ownership model, a departure from its usual asset-light stance, company officials revealed.
As the nation sets its sights on reducing carbon emissions and transforming its energy landscape, the path to a hydrogen economy is proving to be complex.
The spotlight is trained on sectors like steel, cement, and chemicals, as a new study commissioned by the EU Commission and conducted by Fraunhofer ISI delves into the ramifications of this industrial overhaul on the European energy system across multiple scenarios.
