Green hydrogen, lauded for its clean burn and versatility in powering vehicles, and heavy industries, and storing renewable energy, is attracting billions in investments from governments and companies worldwide.
2023 saw the US announcing a $7B Bipartisan Infrastructure Law initiative charged with concurrently developing clean hydrogen production, transport, storage & use, Saudi Arabia developing the world’s largest green hydrogen production facility worth $8.4B, Oman signing 2 contracts worth $10B for a green hydrogen project while the Netherlands allocated ~$11B in subsidies to establish 4GW of green hydrogen capacity in operation by 2030 & 8GW by 2032.
However, there are significant hurdles for this sector to overcome such as the costs involved, scaling up production in sustainable ways, and its current limitations and applicability. Transporting and storing green hydrogen is a crucial problem that governments & companies need to address for it to replace fossil fuels.
