December 13, 2020 Read More →

Green H2 enthusiasm gathering steam

ABC News:

Green hydrogen, an alternative fuel generated with clean energy, is experiencing a global resurgence and has been identified as the clean energy source that could help bring the world to net-zero emissions in the coming decades.

It was initially touted in the U.S. during President George W. Bush’s first term, when it was nicknamed the “freedom fuel.”

Now, President-elect Joe Biden is promising that the U.S. will be able to access green hydrogen at the same cost as conventional hydrogen within a decade as part of his clean energy plan. Several countries around the world already invest heavily into it, including Chile, Japan, Saudi Arabia, Germany and Australia.

In addition, the current investment and production are not forecast to keep up with demand. Current projects are only expected to generate 3 million tons a year, compared to a global target of 8.7 million tons per year, a report published in August by the Institute for Energy Economics and Financial Analysis found. 

[Julia Jacobo]

More: Why green hydrogen is the renewable energy source to watch in 2021

Posted in: IEEFA In the News

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