Green industries are about to be flooded with billions in investments from governments eager to rebound from Covid-19 and fight climate change.
This month, Europe unveiled its hydrogen strategy including:
- Plans increase production capacity six-fold by 2024
- Installing 40 gigawatt of electrolysers by 2030, up from 250 megawatt of global capacity today.
With over 70% share of global GDP linked to hydrogen country roadmaps, hydrogen has made a triumphant return to the frontlines as a critical energy vector. What’s the big deal? Hydrogen can account for 24% of global final energy demand and 5.4 million jobs by 2050, playing a sectoral integration role to support the decarbonisation in industry, transport, power generation and buildings.
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