Energia
Global Green Hydrogen Production Set to Reach 5.7 Million Tons by 2030, Powered by Decarbonization
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"The total decarbonization of certain sectors like transportation and power cannot be achieved solely by electrification. This challenge can be addressed by green hydrogen produced through electrolysis from RES (renewable energy sources), wind and solar, in particular," said , Industry Analyst. "Green hydrogen produced through electrolysis can then be used downstream as a chemical feedstock material in carbon-intensive sectors that are difficult to decarbonize through electrification alone. Currently, green hydrogen accounts for less than 1% of the total hydrogen produced. The global demand for green hydrogen and its emerging applications is expected to increase exponentially in the next 20 years, creating the need for considerable infrastructure to handle production and delivery."
Manohar added: "In the last five years, interest has grown in using green hydrogen as a low- or zero-carbon energy carrier. Many governments, including UK, Germany , Japan , and Singapore , have started acknowledging the fact that a green hydrogen-based economy could be the answer to growing concerns over carbon emissions, energy security, and climate change. Technological institutions in various countries ( Germany , UK, US, and Australia ) have already invested in pilot and demonstration projects related to the production, storage, distribution, and utilization of green hydrogen across different business verticals. For a green hydrogen economy to become a reality, technological and economical breakthroughs are needed to bring down the costs associated with production, while a decisive regulatory framework is required to promote investments and support research and development (R&D) in the sector."
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