Could the Green Hydrogen Boom Lead To Additional Renewable Capacity By 2026?

It is predicted by IEA (International Energy Agency) that, by 2040, global energy demand will increase by 25-30%. This, along with the push for electric vehicles and netzero targets, has created a ripple effect on the economy. To understand this effect, let us go into some details.

Electric vehicles can majorly be of two types – charged battery type and hydrogen-powered fuel cell vehicles. We need a lot of electricity in both cases - to maintain a huge charging infrastructure and to produce hydrogen. To meet this demand for electricity, countries can't rely on coal-fired and other non-renewable energy-powered plants because that nullifies their climate change goals. Most countries still hugely depend on non-renewable sources for their energy