Recent data from the International Energy Agency highlights a striking surge in global demand for renewable energy, with solar and wind accounting for nearly 70% of new power generation in 2022.
Researchers have evaluated hybrid renewable energy systems (HRES) for green hydrogen production in Cox’s Bazar, Bangladesh, using a multicriteria decision-making (MCDM) approach.
According to recent data from the H2Med consortium, Spain’s hydrogen exports are projected to exceed the current transportation capacity through the H2Med network by 2032.
At the heart of the tension lies the bloc’s approach to technology neutrality. While the U.S. Inflation Reduction Act (IRA) allocates tax credits across multiple hydrogen production pathways—including $3/kg for low-carbon methods like methane pyrolysis—EU policies remain disproportionately focused on electrolysis-derived “green” hydrogen. This narrow focus risks sidelining alternative methods, such as methane splitting with solid carbon capture, which could reduce emissions by 92% compared to conventional steam methane reforming (SMR), according to 2023 lifecycle analyses by the International Energy Agency (IEA).
Despite being hailed as a frontrunner in the future of eco-friendly automobiles, the global market for hydrogen fuel cell vehicles (FCEVs) has experienced two consecutive years of decline.
In 2021, the global market for energy storage systems was valued at approximately $210 billion, highlighting the urgency and scale of demand as industries increasingly seek efficient and sustainable solutions.
