Hydropower: A Cost-Effective Source of Energy for Hydrogen Production

November 1, 2021

With more countries announcing net-zero plans for 2050 or sooner, hydrogen’s time has come to play a major and integrated role in our energy infrastructure.

The energy industry has shown an increased interest in understanding the opportunities, challenges, and economic realities in integrating hydrogen into their energy portfolios. The March 2020 BloombergNEF Hydrogen outlook estimates an optimistic growth from 70 million tonnes annually of hydrogen production in 2020 up to 700 million tonnes by 2050—a ten-fold increase within 30 years. But within one year—and some significant changing political and climate change landscapes—Bloomberg released another hydrogen projection report. The second report indicated potential growth of up to 1,300 million tonnes by 2050, practically doubling its previous estimate.

Whether this growth is 10 times or 20 times more by 2050, the world is going to need a lot more hydrogen. But what is driving this interest? Hydrogen can supplement our energy supply while reducing our reliance on fossil fuels like coal, oil, and natural gas.

Read more here.

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