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North America's green hydrogen sector is rapidly evolving, driven by the need for sustainable energy solutions. Green hydrogen, produced through electrolysis using renewable electricity, offers a low-carbon alternative to traditional fuels.
Green hydrogen is referred to as hydrogen produced by electrolysis, a process that uses renewable electricity to divide water into hydrogen and oxygen. This leads to extremely low or zero carbon emissions. Emerging green hydrogen plans and regulations vary significantly on their definitions of "renewable energy," the boundaries of the carbon accounting system, the emission thresholds at which hydrogen is considered green, and the feedstocks and production technologies used. This lack of standards undermines efforts to increase the usage of green hydrogen in North America.
Figure 1: Green Hydrogen: Production, Conversion, and End Uses in the Energy System
In addition, green hydrogen has the potential to serve as an unparalleled solution for substituting fossil fuels in sectors that are particularly challenging to decarbonize, thereby aiding in the efforts to combat climate change.
As the International Energy Agency (IEA) points out, this technique of creating green hydrogen would save the 830 million tons of CO2 emitted each year when this gas is produced using fossil fuels. Similarly, replacing all grey hydrogen in the globe would require 3,000 TWh/year of new renewables, which is similar to Europe's current demand. However, there are some concerns about the viability of green hydrogen due to its high production cost; realistic reservations that will fade as the earth's decarbonisation proceeds and, as a result, renewable energy generation becomes more affordable.
Figure 2: Projected Global H2 Demand by 2030 (in MMT)
According to IRENA's 1.5°C scenario, green and blue hydrogen production should rise to 125 million tonnes per year (Mtpa) by 2030 and 523 Mtpa by 2050. This presents both development opportunities and problems for scaling and adapting manufacturing, infrastructure, and end-use value chains. Green hydrogen offers the following advantages and disadvantages that we should be aware of. Let's go over some of its most key positive aspects:
To sum up, the advantages of green hydrogen are numerous. By embracing green hydrogen and investing in its development, we can accelerate the transition to a cleaner, more resilient energy system for future generations. However, there are certain downsides to employing green hydrogen, which should be considered:
Figure 3: North America: A Key Player with 17% Hydrogen Consumption
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United States
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+1-415-325-5166
Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124