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Hydrogen Could Make a Green Energy Future Closer than We Think
by Staff Writers
Washington DC (SPX) Mar 03, 2020

Hydrogen-based solutions can help provide cleaner transport, heating, and industry. It is a chemical that isn't dirty when it gets hot, making it much better for the production of energy as well as its use. As the third anniversary of the Hydrogen Council in Davos came and went, the chemical is yet again at the forefront of the conversation surrounding renewables and green energy.

Hydrogen has been used as a fuel for things like city buses for a while now, but the problem has been that it's simply too expensive to use a main source of energy. This will likely change. Hydrogen technologies could provide 20 percent of the world's CO2 abatement needs by 2050.

NASA developed a lot of initial hydrogen production, which makes it safe and effective. The transition is inevitable, and it is up to the citizens of the world to influence lawmakers and businesspeople to kick start the shift to a more hydrogen-centered world.

The New Year is trudging on, and it marks a major turning point for the eco-friendly revolution. 2019 saw a significant shift in our understanding and awareness of climate change and the use of fossil fuels to produce energy. The argument deepened. Figures like Donald Trump and Greta Thunberg represent the opposite ends of this concern. Hydrogen is just one asset that could facilitate the transition to a more sustainable world.

Hydrogen-based solutions can help provide cleaner transport, heating, and industry. It is a chemical that isn't dirty when it gets hot, making it much better for the production of energy as well as its use. As the third anniversary of the Hydrogen Council in Davos came and went, the chemical is yet again at the forefront of the conversation surrounding renewables and green energy.

New Data
NASA, NOAA, and the UK Met Office have provided new data that shows the last ten years have been the warmest on record. This comes after the IPCC warned about the impacts of a world of 1.5 degrees Celsius increase would have on the planet.

People are beginning to heed the warnings, and each time new data gets produced the awareness is increased. With NASA and others working to study global warming, the hydrogen industry is working on solutions and making the chemical cheaper at every step.

Price of Hydrogen
Hydrogen is set to decrease in costs significantly over the next few years according to MoneyPug, an energy comparison site in the UK. Costs associated with everyday use of the chemical has put it out of reach compared to other options but scaling up hydrogen production, distribution, equipment, and component manufacturing would lower the cost of solutions.

They are projected to decrease up to 50 percent by 2030. Facilitating the competitiveness of hydrogen with other carbon alternatives will change when it comes to producing energy. While NASA originally developed much of the applications for hydrogen, the private market is now taking control. It is becoming more competitive with itself, which leads to dropping prices.

Cost Reductions
Private companies are developing hydrogen solutions, but cost of producing them is also set to decreases. There are projections for specific reductions in over 20 different hydrogen solutions.

Including long-distance and heavy transportation needs and industrial heating, even heavy-industry feedstock could be facilitated.

All together these savings comprise around 15 percent of the energy consumption around the world. Hydrogen is one of the best options for rabid de-carbonization, making it key to decrease the amount of carbon in our atmosphere warming the planet. The scale-up positively impacts the three main drivers of cost

The factors that drive the increase in production include a significant fall in the cost of low-carbon and renewable hydrogen, lower distribution and refueling costs, and a dramatic drop in the cost of components. The lower the cost of equipment distribution and refueling are often due to the scaled up manufacturing.

While a hydrogen-based energy system has been all but unattainable until now, the report from NASA and the others debunks the myth. A green energy future with hydrogen center-stage is possible and it could be closer than we think. Nothing is a one-stop solution for our climate and energy woes, but cheaper hydrogen will help the fight against fossil fuels and the global warming they produce.

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