{"id":23128,"date":"2021-04-14T10:58:12","date_gmt":"2021-04-14T05:28:12","guid":{"rendered":"http:\/\/www.greenworldinvestor.com\/?p=23128"},"modified":"2021-04-14T10:58:12","modified_gmt":"2021-04-14T05:28:12","slug":"the-hydrogen-war-is-on","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2021\/04\/14\/the-hydrogen-war-is-on\/","title":{"rendered":"The Hydrogen War is On!"},"content":{"rendered":"

India, China, Europe, US – All Want a Share in the Hydrogen Pie<\/h2>\n

Trends in green and clean energy are fast evolving with each passing year. Some years ago we were hearing about wind and solar energy\u00a0making on top of the energy charts, but today it is the\u00a0Green Hydrogen<\/a>\u00a0<\/em>hype. Green hydrogen is\u00a0produced\u00a0using clean energy sources. It is produced by\u00a0extracting hydrogen\u00a0gas from water using electrolyzers powered by wind and solar energy.\u00a0Green Hydrogen is seen as the key to eliminating carbon emissions in the near future. \"Green<\/a><\/p>\n

Green Hydrogen is on track to be cheaper than natural gas by 2050 in 15 of the 28 markets worldwide. It is expected that at least\u00a0one-third\u00a0of the world economy could be powered by clean energy at the same cost as done by fossil fuels. BNEF predicts<\/em><\/a> the cost of producing hydrogen from renewable\u00a0energy sources\u00a0would fall by up to 85% by 2050 in most international markets. As a result,\u00a0the Hydrogen War is On! between countries worldwide.\u00a0\u00a0According to Accenture<\/a><\/em>,\u00a0Germany plans to invest $10.6 billion while France and Portugal\u00a0are targeting seven billion euros each. Britain plans to spend $16.6 billion, while Japan and China are planning to spend $3 billion and $16 billion, respectively by 2020 on this technology. Europe, in particular, is trying aggressively to catch the Green Hydrogen train as it missed to create a major market share\u00a0in\u00a0solar and battery technology.<\/p>\n

India too is doing its bit to stay put. India’s\u00a0Reliance Industries<\/em>, along with many global energy and industrial players\u00a0has\u00a0formed an energy transition coalition, called the\u00a0India\u00a0H2\u00a0Alliance<\/strong>\u00a0(IH2A), recently. The alliance will work towards developing a hydrogen economy and commercializing hydrogen technologies. It is striving to develop specific use cases for industries like\u00a0steel, refineries, fertilizers, cement, ports and logistics, as well as heavy-duty transport. If successful, there could be mandates for fertilizer, steel, and petrochemicals industries to shift to green hydrogen. They will also be focusing on developing India’s\u00a0hydrogen policy and roadmap 2021-30 with the government’s support and guidance. Given the increasing demand for power and rising pollution levels, there seem to be tremendous opportunities for Green Hydrogen in India<\/em><\/a>.<\/p>\n

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India, China, Europe, US – All Want a Share in the Hydrogen Pie Trends in green and clean energy are fast evolving with each passing year. [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[24,25,28],"tags":[2307,2314,2320,2648,2651,2791],"class_list":["post-23128","post","type-post","status-publish","format-standard","hentry","category-climate-change","category-fossil-fuels","category-greeninvest","tag-green-hydrogen","tag-green-hydrogen-in-india","tag-green-hydrogen-worldwide","tag-hydrogen-from-renewable-energy-sources","tag-hydrogen-wars","tag-india-h2-alliance"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/23128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=23128"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/23128\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=23128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=23128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=23128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}