A step closer to a hydrogen economy
“Countries accounting for more than a third of the world’s population have hydrogen strategies in place”
“It’s hard to imagine the political winds behind the sector will abate; investors remain excited”
Not so very long ago, the idea that fossil fuels might be replaced by hydrogen – which when burnt or used in fuel cells to provide energy releases no pollution, but water vapour – was for the birds. It was just too expensive to produce and inefficient when compared with the already-available alternatives, and hence all the investment needed to develop the technology and roll out the necessary infrastructure was unlikely to be forthcoming. Today, hydrogen is rapidly becoming global policy, as Leigh Collins points out on Recharge, and set to become a multi-trillion-dollar industry. China recently approved a massive power project to produce hydrogen. Australia is planning to build a renewable energy hub ten times the size of Greater London to power electrolysers that produce hydrogen. Countries accounting for more than a third of the world’s population, including India, Russia
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