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Green Hydrogen Draws Major Investment and Development, Business and Industry Trends Analysis

Hydrogen is one of the most abundant substances on Earth and can readily be used as a clean burning fuel. Challenges facing the technology include first generating the hydrogen, and then storing it under pressure for future use. Green hydrogen is made by using renewable energy sources (such as solar or wind) to split water into hydrogen and oxygen, instead of creating hydrogen from fossil fuels (known as gray or blue hydrogen). The process is known as electrolysis, and it is more expensive than producing gray or blue hydrogen. However, green hydrogen could provide long-term storage for renewable energy. Recent hikes in natural gas prices, exacerbated by the war in Ukraine, is spurring many countries to pursue new energy sources.

The challenges facing green hydrogen are many. It must be liquified for shipping, which means chilling it to negative 252.87 degrees Celsius (near absolute zero). It is also extremely flammable.

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