Browsing: Analysis

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.

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.

According to the China National Coal Association, “green hydrogen,” accounted for only 1% of China’s hydrogen production in 2020 due to high costs and emerging technologies. Coal accounted for two-thirds of China’s hydrogen production, while natural gas-generated hydrogen, or “blue hydrogen,” accounted for the remaining 19%.

Green hydrogen becomes important in this setting if emerging nations are to lower their emission intensity while maintaining the pace of economic expansion, according to scientists.

Marsh says that “solar and wind projects don’t provide a lot of jobs on an ongoing basis.” But the manufacture of green hydrogen provides employment. a great deal more than if you construct battery manufacturing.

According to the International Energy Agency, 40% of all energy-related emissions worldwide last year came from power plants.

Holland Hydrogen I, an electrolysis project near the Port of Rotterdam, has received Shell’s final investment decision (FID), launching the growth of a sizable hydrogen industry in the Netherlands.