Over the past decade, climate experts have touted the outsized role that hydrogen could play in helping the planet limit catastrophic global warming. Indeed, net-zero models have forecast that hydrogen could provide as much as 20% of the world’s primary energy by 2050, nearly as much as all renewables currently contribute to the United States’ energy mix. Not surprisingly, there’s no shortage of big hydrogen ambitions.
The European Union has set a target to produce 10 million metric tons of carbon-free hydrogen by 2030 while importing an equal amount. Last year, U.S. President Joe Biden unveiled seven regional hydrogen hubs that will receive $7 billion from the government as part of the bipartisan infrastructure law.Chile, Australia and Egypthave laid the groundwork to produce green hydrogen for export. Meanwhile, China has announced no less than 360 hydrogen plants. Overall, companies and governments across the…
