3/6/2023 0 Comments 07 h2 air doc![]() ![]() Many energy and industrial companies are in the early stages of exploring the possibility of hydrogen energy. Given the potential of green hydrogen, a growing number of companies are getting into the sector. Costs, however, are falling, making green hydrogen more competitive with natural gas. For comparison's sake, natural gas production costs were between $1.00 and $4.50 per dekatherm. It cost between $18.58 and $33.44 per dekatherm to produce green hydrogen in 2020. Because of its potential, some forecasts peg the future value of the green hydrogen market to be as much as $10 trillion.Īlthough green hydrogen holds great promise as a potential emissions-free fuel source, it's costly to produce. We can then use it in power plants to generate electricity and as a fuel source for our homes. Hydrogen might also replace natural gas in the pipeline system with some modifications. We can use hydrogen fuel cells to motorize vehicles (cars, trains, buses, maritime vessels, and trucks) and as a stationary power source. Instead of recharging them like a traditional battery, we refuel hydrogen fuel cells with more hydrogen. Hydrogen fuel cells work much like batteries, generating electricity from an electrochemical reaction. Green hydrogen energy has almost limitless potential. This process produces green hydrogen, which creates no carbon emissions. Another method uses renewable energy to power an electrolyzer that splits hydrogen from water molecules. The industry labels these forms "blue hydrogen." Using this form of hydrogen requires carbon capture and storage to trap and store the associated carbon dioxide underground for it to achieve zero greenhouse gas emissions. ![]() ![]() Some methods result in the production of carbon dioxide as a byproduct. There are several ways to produce hydrogen. ![]()
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