Green Hydrogen is gaining significant attention worldwide as a renewable and non-polluting energy alternative, receiving the title by many as the fuel of the future. So, what is Green Hydrogen after all?
Produced through water electrolysis, using clean and renewable energy fonts, this sustainable energy source has the component green on its name, referring to the fact that the whole process of its production must be free from environmentally harmful methods. Besides coming from one of the most abundant elements in the universe, Green Hydrogen is also known for its high energy density: a liter of pure hydrogen has three times more energy than 1 liter of gasoline[1], positioning itself as a very efficient alternative.
Green Hydrogen’s advantages for global decarbonization are substantial, emitting no pollutants during production or combustion. Also, its storage capabilities make it a versatile option for use in various sectors. The Green Hydrogen adaptability allows it to be converted into electricity or synthetic fuels, serving commercial, industrial, and mobility purposes.
The consequences of climate change are becoming increasingly evident, and nature is screaming for the need to change the energetic matrix that moves our economy. Until now, Green Hydrogen was mainly used for specific applications, but the time for change has arrived. That’s why, in our “Trade Made Easy: Sustainability Droplets” series of posts, we will keep you posted on the latest investments and developments from the leading players in this segment.
In today’s edition, let’s discover more about the…
Latest investments and developments in the United States
Several governments and international entities have been highlighting the benefits of Green Hydrogen and betting on its further development. Following this pattern, the US Department of Energy has recently announced an investment of US$ 7 billion in seven Regional Clean Hydrogen Hubs, also known as H2Hubs, across the country.
The initiative aims to further guarantee the country's position in this young but promising market, accelerating and expanding its production in the United States. The Department of Energy has received close to 80 proposals for hydrogen hubs before selecting the seven that will be awarded[2].
The Pacific Northwest Hydrogen Association’s PNWH2 Hub stands out among the selected associations.
Located in Seattle, Washington, the PNWH2 plans to produce clean hydrogen exclusively through electrolysis. This widescale adoption of electrolysis will drive down production costs,[3] making the technology more accessible. Other selected hubs include the Appalachian Hydrogen Hub, California Hydrogen Hub, Gulf Coast Hydrogen Hub, Heartland Hydrogen Hub, Mid-Atlantic Hydrogen Hub, and Midwest Hydrogen Hub[4].
In addition, another recent development that caught our attention was the agreement signed between Enervenue and Vedandta ESS, marking the company’s entry into the Brazilian market[5]. Evervenue focuses on commercializing nickel-hydrogen batteries, which are almost entirely recyclable, providing a superior choice to lithium-ion storage systems from the point of view of sustainability and environmental responsibility. The agreement demonstrates how vital international trade and cooperation relations are for achieving the goal of global decarbonization.
Would you like to explore the immense potential of Green Hydrogen in the evolving global energy landscape? Sidera can help by providing guidance on market entry, investment opportunities, matchmaking, and regulatory and compliance support. Wanna chat? Drop us a line: ad@sideraconsult.com.
[3] https://www.commerce.wa.gov/news/us-dept-of-energy-selects-pacific-northwest-for-regional-clean-hydrogen-hub/
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