On Wednesday, Mission Hydrogen hosted a free webinar under the title ‘Post-corona recovery – How hydrogen could contribute’ which attracted more than 1,000 participants.
The webinar was held to discuss how an economic crisis which may occur after the coronavirus could potentially affect the adoption and commercial roll-out of clean hydrogen.
According to Mission Hydrogen, the clean hydrogen sector could potentially face three major risks as a result of the current coronavirus:
- In the short term, small, innovative companies which form the backbone of technology providers are likely to suffer a major shortage of liquidity due to a steep drop in revenues which will result in staff cuts or even bankruptcy.
- Believing that climate and environmental policy commitments will take a back-seat in economic recovery plans in Europe and elsewhere large companies which were planning major investments in clean technology are likely to abandon or severely scale-down these plans.
- Investors may, for the same reasons as presented above, be less inclined to finance the planned growth of the sector.
During the webinar these three risks and were all outlined along with the need for the rationale behind rapid action as a result of the coronavirus crisis.
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