“Climate neutrality” is to be attained with green hydrogen. This energy source for Germany dispenses with the use of nuclear, coal, oil, and natural gas. Is this economical and feasible?
Browsing: Analysis
This is a component of the government’s strategy for green hydrogen, which aims to supply the market in seven years and make Spain an energy exporter at costs that, by then, it anticipates will be far more affordable than natural gas pricing.
South Korean’s Hyundai Motor Co. easily defeated its Japanese rivals to lead the world in hydrogen car sales in the first ten months of this year.
Chile set itself the objective of becoming one of the world’s top producers of green hydrogen a couple of years ago. However, a number of challenges have developed along the road.
Namibia is thought to provide perfect circumstances for the creation of “green” hydrogen. Germany intends to gain from this for environmentally sustainable economic restructuring. Robert Habeck, the minister of economics, made it very clear in Windhoek, the capital of Namibia: It should be about a relationship at eye level.
More than 15.5 gigawatts of renewable hydrogen projects are now in development in Spain, more than doubling the 4 GW objective set in the government-approved “roadmap” for this energy source for 2030.
PitchBook data reveals that the amount of private financing flowing into startups and established businesses involved in the expanding hydrogen economy has never been higher.
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.
According to data tracked by the specialized energy platform, India’s green hydrogen plan is essential to attaining its aim of becoming carbon neutral and a developed nation by 2047.
HRCs could take advantage of their hydrocarbon resources, geographic locations, access to abundant renewable energy (in some cases), and highly developed infrastructure.
