Green Hydrogen drawbacks

by Jason Deign

Explaining Green Hydrogen / Jason Deign in GreenTechMedia : “So, What Exactly Is Green Hydrogen?”

  • Storing and transporting the highly flammable gas is not easy.
  • Will require dedicated pipelines
  • Is still expensive to produce today.
  • Electrolyzer costs could fall by half by 2040.
  • Requires very large amounts of cheap renewable electricity because a fair amount is lost in electrolysis.
  • Green hydrogen currently accounts for less than 1 percent of total annual hydrogen production

Covid impact on energy industry

Energy investment during COVID crisis: World Energy Investment 2020 / IEA´s report

The energy industry that emerges from the Covid-19 crisis will be significantly different from the one that came before.

  1. Energy investment is set to fall by one-fifth in 2020 due to the Covid-19 pandemic.
  2. Investment activity has been disrupted by lockdowns but also by a sharp fall in revenues, especially for oil
  3. Covid-19 is a huge shock to the energy system, but the response also presents an opportunity to steer the energy sector onto a more resilient, secure and sustainable path