Hydrogen can be a central pillar for the long-term storage of renewable electricity production and both fossil and renewable production routes for hydrogen will most probably grow in parallel.
Hybrid solutions can be a stepping stone for the integration of electrolysis and renewable solutions into large-scale production.
Hydrogen is essential for a number of industries with the market value estimated to reach as much as $60bn in 2023 according to some sources. It is used in refining, the chemicals industry, metal and glass production, food processing, and the electronics sector.
The technologies and processes for hydrogen generation have been well established for many years now. Over the last decade, however, a great increase in renewable electricity production and a growing emphasis on the environmental footprint of traditional production methods have been pushing technology providers to develop efficient solutions with significantly reduced levels of CO2 emissions and water consumption. Hydrogen energy and in turn production are a hot topic, so what’s next for this market?
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