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“ The green hydrogen market is poised for rapid growth , expanding from under one million tons per year now to hundreds of millions of tons per year by 2050 ”
ANEELA NASIM GROWTH INDUSTRIES LEAD FOR EURONORTH , DASSAULT SYSTÈMES
In a nutshell , there are four key areas governing the success of sustainability hydrogen :
• Hydrogen is more costly than other sustainable solutions
• Infrastructure is required , which incurs further cost implications as well as time to innovate
• Technologies are not yet ready to be scaled to industrial levels
• Private investment hinges on governments backing hydrogen industries
“ According to the World Economic Forum , a decarbonised energy system requires both clean electrification and low-carbon fuels . To reach net zero by 2050 , current hydrogen production ( grey hydrogen ) needs to be decarbonised and scaled to around six times what it is today ,” says Aneela Nasim , Growth Industries Lead for EuroNorth at Dassault Systèmes . The challenge is to bring all hydrogen to the coveted ‘ green ’ status , which marks renewability and sustainability , but there are still a number of grey areas within the industry , particularly as hydrogen relies on electricity , which comes from a number of different places .
“ Hydrogen is attracting attention and investment as a sustainable energy alternative ,” says Brian Crotty , General Manager of Dow Jones Energy . “ To achieve its environmental promise , hydrogen must be produced using renewable energy sources . To do so , industry and science will need to address logistical challenges and cost barriers .” energydigital . com 37