More than a celebration, Earth Day is a reminder of the urgency that surrounds our world’s race against the clock to decarbonize. Now is the time to embrace the reality of hydrogen as a global solution toward achieving Net Zero 2050, one that will provide a clean, secure and affordable energy future.
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In just 12 months, Hy24 Partners, the French fund dedicated exclusively to investing in the entire clean hydrogen value chain, has succeeded in raising the world’s largest round of financing in the decarbonized hydrogen sector, thus realizing its ambition to play a catalytic role in this ecosystem.
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Hydrogen is vital for our clean energy future, and at W. L. Gore & Associates (Gore), it drives our vision of a low-carbon energy system, especially evident in the transportation sector’s adoption of hydrogen as an energy source.
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To decarbonise the global economy as quickly, effectively and cost efficiently as possible, we need international trade of hydrogen to link sources of cheap renewable energy with areas of high demand. This is the focus of the Council’s brand-new report, Global Hydrogen Flows, released in October.
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Hydrogen took another step up with COP27. Here, Daria Nochevnik and Daryl Wilson share their reflections.
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For bulk storage of very large amounts of gaseous hydrogen, underground salt caverns are an option. The gas has to be purified and compressed before it can be injected into the cavern. Hydrogen-filled cavities can act as a backup for a pipeline network.
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Hydrogen fuel cells packed into a pair of 40-foot-long shipping containers here ramped up on an overcast day early this June as engineers gathered around laptops displaying data on the state, health and power output of the cells in this first-of-a-kind hydrogen generator.
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Amidst the global energy crisis and rising gas prices, increased interest and investment in the hydrogen sector signify significant progress in renewables, highlighting its potential pivotal role in the future of global energy.
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The transportation sector emits about 24% of global CO2. Decarbonizing it requires a monumental industry shift, crucial for achieving global carbon neutrality.
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Transitioning to clean energy demands significant change, with global hydrogen demand needing to reach 140 MT by 2030 and 660 MT by 2050, up from 90 MT in 20201. Understanding the scale and complexity of this transition remains a challenge despite recognizing its necessity.
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