By 2040, the estimated global energy demand will increase between 25% and 30%. It’s evident that our way of life needs an increasing amount of watts in order to function, and our current economy depends on coal and oil, which translates into more CO2 emissions.

Decarbonising the planet is one of the main global targets set for 2050. In order to achieve this goal, a number of actions need to be taken and regulatory frameworks that incentivize investments need to be created.

In this context, green hydrogen emerges as the strongest candidate for decarbonising sectors less dependent on electricity, advancing a step closer in the race to carbon neutrality.

Green Hydrogen is a critical enabler of the global transition to sustainable energy and a zero emissions economy.

Green Hydrogen is one of the key players in the imminent energy transition led by the world’s main economies in an effort to achieve carbon neutrality and combat climate change. Some of green hydrogen’s benefits include:

• It is a clean energy: the only waste it generates is water.
• It is a renewable energy: it uses natural resources that do not run out. The three main sources of energy needed for the production of green hydrogen are water, wind and the sun.
• It’s storable: green hydrogen can be compressed and stored in ad hoc tanks for a long period of time.
• Green hydrogen is also transportable: since it is a very light element, compressed hydrogen tanks are easier to handle than lithium batteries, because they are lighter and, consequently, easier to transport.
• Hydrogen is a very abundant element, and its supply is virtually limitless. Thus, wherever there’s water and electricity, green hydrogen can be produced in order to generate more electricity, fuel or heat.
• Green Hydrogen can be used to power anything that uses electricity, such as electric vehicles and electronic devices. Unlike conventional electric batteries, hydrogen fuel cells don’t need to be recharged and won’t run down as long as they have hydrogen fuel.

Green hydrogen is currently leading the debate on clean energy transitions. It can supply electricity, power and heat, and it contains almost 3 times as much energy as fossil fuels. With an estimated impact in automotive, transportation, oil and gas energy sectors, green hydrogen advances are already providing solutions for a zero-carbon economy.

The accelerated growth in production of green hydrogen is perceived by many as essential for leading the race against climate change, and interest is rising in many economies such as Australia, China, the EU, Japan and South Korea, many of which have put in place green hydrogen production targets.