Europe’s ambitious plans for producing green hydrogen, a renewable form of hydrogen produced with renewable energy, have sparked a race among African countries eager to become suppliers.
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The construction of power plants that initially burn natural gas and later transition to burning clean hydrogen is being pushed by European utilities. Nevertheless, the technology they rely on wastes energy and invites charges of “greenwashing.”
A hydrogen-powered passenger plane being developed by the Swiss start-up Destinus will cut the current 20-hour flight duration between Europe and Australia to just over four hours.
Both the public and business sectors now prioritise investing in hydrogen when considering sustainable energy projects.
In 2023, the market for investments in hydrogen is expected to have a stunning growth.
One of the main export partners of a European hub for green energy is considered to be Nova Scotia.
Hydrogen has garnered interest in the decarbonization discussion as the world seeks net zero emissions by 2050. Hydrogen is supported politically and regulatory throughout Europe.
Urban Mobility Systems (UMS), a clean technology engineering firm based in the Netherlands, and Nuvera Fuel Cells have signed a memorandum of understanding.
Political delays, financial uncertainties, and supply chain concerns are limiting renewable hydrogen project development in Europe.
The European energy crisis and the REPowerEU Plan’s lofty ambitions make renewable gas rollout even more important.
