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Why Almost Nobody is Buying Green Hydrogen, Dashing Green Power Hopes

The Promise of Green Hydrogen

Hydrogen has long been touted as a promising clean fuel source, with the potential to replace fossil fuels in a variety of applications, from transportation to power generation.

Benefits of Green Hydrogen

• Carbon-free production
• High energy density
• Abundant supply

Barriers to Adoption

Despite its potential, green hydrogen production is still in its early stages, and there are several barriers to its widespread adoption.

High Production Costs

Producing green hydrogen through electrolysis is currently more expensive than producing it from fossil fuels.

Lack of Infrastructure

There is a lack of infrastructure to produce, transport, and store green hydrogen at scale.

Policy Challenges

There is a lack of clear policy support for green hydrogen production, which is slowing down demand.

Government Initiatives

Governments around the world are beginning to recognize the potential of green hydrogen and are investing in research and development.

Examples

• The European Union has set a target of 40 GW of green hydrogen production by 2030.
• The United States has launched a $8 billion Clean Hydrogen Initiative.
• Japan is aiming to become a major exporter of green hydrogen by 2030.

Industry Response

Leading companies in the energy sector are investing in green hydrogen projects.

Examples

• Plug Power is a leading manufacturer of hydrogen fuel cells.
• Nel Hydrogen is a global leader in hydrogen production technology.
• Air Products is a major supplier of hydrogen to the industrial sector.

Conclusion

Green hydrogen has the potential to play a significant role in the transition to a clean energy future. However, there are still challenges that need to be overcome before it can be widely adopted.

Government support, continued investment in research and development, and collaboration between industry and academia are all essential to accelerate the adoption of green hydrogen.