Green hydrogen is hydrogen gas produced through the process of electrolysis, where water (H₂O) is split into hydrogen (H₂) and oxygen (O₂) using electricity generated from renewable energy sources such as wind, solar, or hydropower.
According to BIS the Global Green Hydrogen Market, was valued at $828.2 million in 2023, and it is expected to grow with a CAGR of 67.19% during the forecast period 2023-2033 to reach $141.29 billion by 2033.
Green Hydrogen refers to Hydrogen produced using renewable energy sources, specifically wind, solar, or hydropower, in a process known as electrolysis. Unlike conventional methods that rely on fossil fuels, such as natural gas or coal, green hydrogen production involves splitting water molecules into hydrogen and oxygen without emitting carbon dioxide (CO2), aligning with sustainability goals.
The electrolysis process, powered by renewable energy, distinguishes green hydrogen as an environment-friendly alternative. This cleaner production method has the potential to significantly impact sectors with high emissions, including transportation, manufacturing, and energy production, contributing to the global transition toward a low-carbon economy.
Green Hydrogen stands out as a versatile and clean energy carrier, offering a sustainable substitute for traditional fossil fuels. Its application extends to addressing the intermittency of renewable energy sources by providing a means of storage and transportation.
Green hydrogen, produced using renewable energy sources like wind, solar, or hydropower, holds great promise for reducing carbon emissions and transitioning to a more sustainable energy system.
1 Environmental Concerns and Regulations:
2 Technological Advancements:
o Ammonia
o Methanol
o Steel
By Region
Some key aspects includes cost reduction, increased production capacity, global demand and trade, public awareness and acceptance
Green hydrogen represents a transformative opportunity in the global pursuit of a sustainable, low-carbon future. As an energy carrier produced from renewable sources, it holds the potential to decarbonize a wide array of sectors, from heavy industry and transportation to power generation and heating.
In conclusion, green hydrogen offers a viable pathway to achieving significant reductions in carbon emissions, enhancing energy security, and fostering economic growth.
Lactose intolerance affects a significant portion of the global population, leading to discomfort and digestive issues upon consuming...
The introduction of technologies such as artificial intelligence and machine learning have transformed several sectors, including the robotics and...