The rise of hydrogen as a key player in energy markets
Why Hydrogen is the Future of Energy
– Hydrogen is a zero-emission energy carrier when produced using renewable sources. – Plays a critical role in decarbonizing industries and transportation.
Types of Hydrogen and Their Applications
– Green Hydrogen: Produced using renewable energy and water electrolysis. – Applications: Power generation, industrial processes, and fuel cells for EVs.
Hydrogen’s Role in Decarbonization
– Key to reducing emissions in steel, cement, and chemical industries. – Offers a viable alternative to fossil fuels for heavy transportation.
Investments in Hydrogen Technology
– India’s National Hydrogen Mission targets 5 MMT of green hydrogen by 2030. – Companies like Reliance Industries and Adani Group are leading investments.
The Future of Hydrogen in Energy Markets
– Scaling production and infrastructure will make hydrogen cost-competitive. – Hydrogen blends seamlessly with existing energy systems for a sustainable future.