Hydrogen’s vast reserves make it an attractive option amid increased demand for renewables to meet its stated decarbonization targets. As technology improves and production costs decrease, green hydrogen could become increasingly important in shaping a greener future.
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The Current Hydrogen Situation
The vast majority of hydrogen generated globally is grey, i.e., manufactured from natural gas. Grey hydrogen is inexpensive without a price on carbon emissions, but it increases the difficulty of achieving environmental sustainability.
In contrast, green hydrogen is a better long-term solution alternative for decarbonizing economies, as its production does not involve fossil fuels and greenhouse gases. Instead, it is produced via electrolysis using renewable electricity, due to which it is more expensive than…