Written by Nikki Guevarra
Director & Head of Strategy
The cost of oil, natural gas and electricity have hit record heights – an energy crisis that has been felt around the world, and amplified by Russia’s war on Ukraine since February 2022.
With countries around the globe cutting Russian ties, a nation that holds dominant power over oil and gas supplies, it forces governments and economies to lead the change. So, despite this energy uncertainty, there’s a silver lining of action. Governments, businesses, and societies all have a role to play in accelerating the transition away from fossil-fuel reliance, towards greener energy sources.
This “butterfly effect” of sustainable momentum is set to influence the energy landscape as we know it:
- Renewables (wind and solar energy) will become the largest source of global electricity generation by early 2025, surpassing coal
- Hydrogen produced with renewable energy sources, or “green” hydrogen, is emerging as a key enabler to achieve net-zero emissions, driving decarbonisation opportunities from heavy industry to transport
- It’s estimated that green hydrogen could meet up to 24% of world energy demand by 2050
So, how far away are we from green hydrogen being a niche, buzzword to a mainstream source of energy? And what’s the role of energy and cleantech companies in supporting this movement?
1. Making green hydrogen cost efficient to produce
2. Making it competitive to buy and sell
3. Making it accessible for all communities
4. And last but not least, helping to generate demand by educating and raising collective awareness of its significant role towards achieving a net-zero world
Is it possible to reach the estimated 200Mt of clean hydrogen by 2030, in order to achieve net-zero? This reportedly needs a two-fold scale up of production as it stands.
Join the conversation with #ScaleUpHydrogen
We’re inviting industry leaders and experts to offer their perspectives around today’s barriers to scale, to deliver on the world’s net-zero promise. Stay tuned for more.
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