Publish Driving Forces Learn Hydrogen [New] In the UK, the National Grid is currently testing the conversion of the gas network to hydrogen, possibly completing the transition by 2035. [New] ESB plans to invest in a green hydrogen production, storage and generation facility at the Co Clare site towards the end of the decade. [New] Volvo will start manufacturing the first concept vehicles and machines with steel from SSAB using hydrogen already in 2021. [New] Volvo plans in 2021 to start the production of concept vehicles and components from steel made by SSAB using hydrogen. [New] In partnership with Wood, a global consulting and engineering company, Honeywell UOP will integrate Wood's hydrogen plant technology with the Ecofining unit design to produce hydrogen from renewable feedstocks. [New] On logistical grounds, LNG currently looks a better bet than hydrogen, but big projects are planned in northwest Europe that will produce hydrogen using power from offshore wind farms. [New] Increasing awareness of hydrogen in the Middle East and development of long term energy plans will favor the product adoption in Latin America. [New] Announcement of subsidies on fuel cell vehicles in countries including China will support increase the production of hydrogen powered vehicles, fueling it as a major energy source. [New] Plug Power intends to commit €160 million ($200 million), and Chart Industries and Baker Hughes each intend to commit €50 million respectively ($60 million), recognising the unique value proposition that FiveT will bring to the hydrogen sector. [New] Well before 2050, zero-carbon steel could be produced by using hydrogen as the reduction agent rather than coking coal, or by adding carbon capture and storage to traditional blast furnaces. [New] The International Renewable Energy Agency, for its part, said in December that it could take another 10 years for green hydrogen to compete with the cost of fossil fuel alternatives. [New] The question of the decade is whether the development of hydrogen will result in a decentralisation or a new set of dependencies like with oil exporting and consuming nations. [New] The European Union is aiming to push hydrogen's share of its energy supply from two percent currently to 12-14 percent by 2050 and is encouraging cooperation. [New] Governments are racing to incentivise projects for domestic and export green hydrogen markets-working hard to attract the billions of dollars expected to be invested over the coming years. [New] Combined heat and power systems (CHP), for example, could supply clean power and heat energy to individual building complexes. [New] The research team presents the results of case studies for green hydrogen, hydrogen produced by electrolysis powered by renewable electricity, deployment in Northern Ireland in 2030. [New] Kinder Morgan sees opportunities in developing its ability to move what it calls the fuels of the future - renewable natural gas and hydrogen. [New] Spending $15 billion in demonstration projects that will be key for tackling climate, like utility-scale energy storage, carbon capture and storage, hydrogen, advanced nuclear, rare earth element separations and floating offshore wind. Based on projected power and energy capacity capital costs for 2050, hydrogen storage with up to 2 weeks of discharge duration is expected to be cost-effective in future power systems. The cost of green hydrogen could be about 50% lower than current rates for use as a fuel by 2050. The cost of green hydrogen could be less than $ 2/kg by the end of the decade, making it competitive against other fuels. Last updated: 11 April 2021 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No