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Our promise to help fight climate change and and help lead the world towards decarbonisation.
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Using green hydrogen as energy will help lead the world towards decarbonisation. However, it needs to be produced in a way that is kind to our planet, otherwise we will be trapped in a battle we will undoubtedly lose.
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Hydrogen screens attractively as fuel, with >2.5x the energy content per unit mass of gasoline and >2x that of natural gas making it attractive for long haul transport Compressed hydrogen fuel cell systems having c. 70% lower weight per unit of output energy compared to batteries and >30% lower volume per unit of output energy
Hydrogen is the most appropriate technology for seasonal mass storage. In contrast to batteries, it doesn’t run down with the passage of time. Hydrogen is most frequently stored in tanks at medium or high pressure
Hydrogen can absorb the surplus energy produced by renewable sources and be reused for operations like regulating the network or be transported to provide mobility. The conversion of hydrogen into electricity via a fuel cell only produces steam and heat. No greenhouse gases are involved and there are no toxic fumes.
Hard-to-abate-sectors Sectors which are likely to be harder to decarbonize include heavy duty transport – trucking, shipping and aviation – and industry – steel, cement and plastics. Together these sectors represent 40% of carbon emissions from the energy systems today. This will grow to 60% of remaining emissions by 2040 in a 2˚C scenario
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Record high gas prices have made green hydrogen already cheaper than natural gas in some places, with a target of €1.80/kg by 2030 making green hydrogen cheaper than gas under normal market conditions
By producing green hydrogen locally, offtakers will not be subject to international supply/price shocks
By switching to green hydrogen, offtakers will drastically reduce their emissions, and as the hydrogen is produced using renewable energy, this includes scopemissionse 3
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Reduced emissions provide carbon trading benefits, fuel and energy taxes and potential future carbon taxes
As one of the hardest sectors to decarbonise, an industry first transition to hydrogen would designate the offtaker as a leader in efforts to combat climate change
