The challenge of eradicating net carbon emissions and addressing the issues of climate change is so big that we do not have the time to ‘cherry-pick’ ideas or technology. We need to start getting things done and accept that there will be failures, embracing the mantra for innovation: “Fail fast, succeed sooner.”
We must find ways around the barriers to new energy, including green hydrogen and its derivate e-fuels, which will almost certainly feature in a green-powered world. Technology unlocks the potential for hydrogen production but there are more factors in play if we are to create a viable, price competitive, hydrogen economy.
Stefano Innocenzi, Senior Vice-President for New Energy Business at Siemens Energy, discusses the regulatory, political, logistical, and economic barriers to a successful hydrogen economy. How can using green hydrogen pay off economically? How can we get technology costs down and off-takers to use green hydrogen?
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