Barriers to the hydrogen economy
The challenge of eradicating net carbon emissions and addressing the issues of climate change is so big that we do not have the time to ‘cherry-pick’ ideas or technology. We need to start getting things done and accept that there will be failures, embracing the mantra for innovation: “Fail fast, succeed sooner.”
We must find ways around the barriers to new energy, including green hydrogen and its derivate e-fuels, which will almost certainly feature in a green-powered world. Technology unlocks the potential for hydrogen production but there are more factors in play if we are to create a viable, price competitive, hydrogen economy.
Stefano Innocenzi, Senior Vice-President for New Energy Business at Siemens Energy, discusses the regulatory, political, logistical, and economic barriers to a successful hydrogen economy. How can using green hydrogen pay off economically? How can we get technology costs down and off-takers to use green hydrogen?
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