‘Green hydrogen’ from renewables could become cheapest ‘transformative fuel’ within a decade
The Company’s Net Zero by 2050 Plan identifies 10 key areas of focus, including decarbonizing the gas network through use of renewable natural gas and hydrogen;
Germany may surpass its target of 5 gigawatts (GW) of installed hydrogen capacity by 2030 as it speeds up coordination efforts at a national and European Union level, the government’s national commissioner for green hydrogen said in a webinar on Tuesday.
Stone Edge saw the benefits of green hydrogen early on. After struggling to power its operations through photovoltaic solar systems alone, owner Mac McQuown sought a more integrated solution. With the support of Omni Energy Solutions, Stone Edge installed a micro-grid that combines various clean energy technologies, including renewable electricity generation and battery and hydrogen storage, with real-time monitoring and…
Calling it a once-in-a-lifetime opportunity, Goldman Sachs estimates the addressable market could be worth €10 trillion ($11.7 trillion) by 2050, split between Asia, the U.S. and Europe.
"We believe liquid hydrogen to be advantaged over other potential zero-emissions fuels for shipping, therefore giving a higher likelihood of success," it said in its latest report, 'Decarbonising Shipping: Setting Shell's Course.'
Chile is wagering on hydrogen as a major new export sector, which could rival the country's mining industry in size by the middle of this century. The International Energy Agency has estimated that the country has a potential to produce 160 million mt of green hydrogen annually, doubling current global demand.