Oil refinery and gas processing plant
Industries

Hydrogen

Hydrogen is once again gripping the headlines as a potential future energy carrier. Hydrogen could play an essential role in hard-to-decarbonize industries where electrification is difficult such as steel, ammonia production, long-distance transport and aviation.

Here are three reasons why hydrogen may be more successful than it was in the 1970s or early 2000s, and why you should be thinking about it:

  1. Electrolyzers have become more efficient and smaller with further cost reduction expected through economies of scale
  2. Cheap renewable energy is available to power electrolyzers with prices expected to fall further
  3. Demand is growing due to the need to decarbonize the economy, store renewable energy and balance the electricity grid

 

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