While 2020 may be remembered for the tragic COVID-19 crisis, it was also an unprecedented year for the global energy transition and the growing momentum of hydrogen technology. Many countries, in aligning their pandemic response with longer-term goals, have announced strategies to develop hydrogen as a key energy carrier.
Read MoreLarge hydrogen offtake centers are often renewablesconstrained and will not be able to self-supply their hydrogen demand, relying on hydrogen imports in the future.Especially countries with complementary load profiles of wind and PV can take advantage of green hydrogen export opportunities
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Hydrogen is a chemical element with the symbol H and atomic number 1. It
is the simplest, lightest and most abundant element in the universe. Yet, in
nature, hydrogen does not typically exist by itself. It has to be produced from
compounds that contain it – one of them being water (H2O).
The recent commitments to carbon neutrality by 2050 have put the spotlight on the critical role that hydrogen can play to achieve net-zero targets. Production of hydrogen from water and renewable electricity through electrolysis (green hydrogen) can contribute to reducing emissions through four channels.
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