Green Hydrogen – The Opportunities

Almost all countries have committed to decarbonizing their economies in the coming decades. Likewise, many large corporations announced plans to cut their carbon footprints to net-zero. This requires a massive upscaling of renewable power – not only to replace fossil fuel-based power plants, but also for the purpose of electrifying a wide range of end-uses, including road and rail transport, heating and cooling. Moreover, a considerable share of the renewable energy will have to be dedicated to the production of green hydrogen to substitute fossil fuels in “hard-to-abate” activities that cannot, or not easily, be electrified. This applies mainly to the production of steel and base chemicals as well as for aviation, shipping and long-haul trucking.