Hydrogen is anticipated to be a game changer in the global transition to sustainable energy by offering fuel cells, alternative propulsion systems, and renewable power, according to new GlobalData research.
With the capability to serve as a long-term, large-scale clean energy storage medium that aids power generation from renewable sources, hydrogen, and hydrogen-based e-fuels, are reaping the benefits of an unprecedented political and business momentum, states GlobalData.
Kiran Raj, Practice Head of Disruptive Tech at GlobalData, said while the race is on for a Net Zero economy, hydrogen jumps to the top of the global agenda.
“Several nations, corporations, energy enterprises, and startups have realised that now is the time to scale up technologies and bring down costs to tap into the hydrogen potential. New developments should materialize at par with accelerating hydrogen production, revising regulations, developing charging infrastructure, using existing gas infrastructure, and establishing shipping routes to take full advantage of the momentum.”
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