(Natural Energy News): After decades of stagnation and many false claims, the hydrogen economy is finally taking off, with some experts predicting that hydrogen, like oil and gas, can become an energy source globally. A growing number of countries and industries are continuously investing in hydrogen technologies; Anyone, however, can rival the enthusiasm of the European Union.
The European Union has set its new hydrogen strategy as its goal of achieving carbon neutrality for all its industries by 2050.
In a major victory for the hydrogen sector, the European Union has outlined an extremely ambitious target or 160x the current global capacity of 160MW to manufacture at least 40 GW of electrolytes within its borders by 2030. The European Union also plans to support the development of 40 gigawatts of green hydrogen in nearby countries that can export to the region by a single date.
The European Union aims to install at least 6 GW of clean hydrogen electrolysers by 2024.
Good news for natural gas companies: Although Brussels clearly favours the "green" hydrogen produced by renewable energy, it has indicated that it will encourage the development of "blue" hydrogen that is carbon capture and storage (CCS) Is produced from natural gas.
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Green vs Blue Hydrogen
The European Union has stated that hydrogen will play a key role in helping decarbonize manufacturing industries and the transport sector. The organization says it will support blue hydrogen during the "transition phase", although it has not mentioned it among its top targets.
Since natural gas technology can be renovated easily to hold up hydrogen, thus they'll not complain about the centralization of blue hydrogen.
The latest decision by European policymakers follows years of hard lobbying by more than 30 energy companies, including ExxonMobil, Eni, Shell, Total, Equinor, and other European natural gas companies, which have called for a "technology-neutral strategy", Which is arguing such a renewal.
Wind and solar may not be sufficiently developed to allow the "clean hydrogen" sector to power to meet decarbonization targets. The signatories have claimed that the green hydrogen industry is currently small for the development of a large-scale European hydrogen economy in a span of just a decade.
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Although hydrogen, a colourless gas, is referred to in colour terms including blue, brown, green and brown, it depends on how it is produced. The nomenclature used by market research firm Wood McKenzie is classified as brown when it is produced through gasification of coal or lignite or grey when it is produced through steam methane reforms, Natural gas is commonly used as a feedstock.
These two are currently the major methods of production of industrial hydrogen. Both processes produce varying amounts of C02 although they are still significantly cleaner than burning fossil fuels.
Green Hydrogen Project
United Industrial chemical giant Air Products announced in last week for building up a huge hydrogen project by using 4G renewable power in Saudi Arabia. It will be the largest green hydrogen project all over the world.
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The plant will produce 650 tons of green hydrogen per day, enough to run ~ 20,000 hydrogen-fuel buses. The $ 5 billion plants will be jointly owned by Air Products and Saudi Arabia's ACWA Power and Neom.
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Last month, Germany committed to investing € 9B (about $ 10.2B) in hydrogen technology over the next two decades with an electrolysis capacity of 1GW. Germany - which currently consumes 55 TWh of CO2-dense hydrogen every year in its steel, chemical and fertilizer industries - wants to gradually get rid of the grey fossil hydrogen generated from natural gas and instead wind and Scales the green hydrogen produced from solar energy.
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