One of the elements that are likely to play an essential role in the clean energy transition is hydrogen. The aspect will be important transport building and power generation sectors because of the most current technology. The need to use hydrogen technology has increased in various niches of transport segments, despite multiple applications. Hydrogen has short-term and medium-term technology that will replace compressed gas in different areas with some little changes in the existing infrastructure, according to the GlobalData.
Many countries in the world are initiating the development and use of hydrogen technology to handle different use of hydrogen technology to deal with environmental concerns and lead to energy security. Hydrogen gas can handle large-scale and long-term clean energy storage equipment to produce power from renewable sources. On the other hand, developing a well-regulated and cost-effective transition is a complicated issue, including hydrogen production cost from renewable sources of energy.
According to GlobalData senior Analyst Sneha Susan Elias, Hydrogen can help in different outputs of power from renewable sources, including wind and solar PV. The capacity of the above causes is not consummate with the needs of power.
The amount of hydrogen used for electricity is less than 0.2 percent of the total electricity generated in the power industry. Hydrogen electricity consumers are steel petrochemical industries and many refineries, although shortly it might change. Co-firing with ammonia share might decrease carbon’s effect in the existing conventional power plants for coal, combined cycle gas turbines (CCGT), and the hydrogen gas turbines, which are power sources with systems that are flexible with many amounts of variable energy renewable sources.
The drop in the amount of solar PV, and the power from wind generation, the development of electrolyzes at different places have a significant impact on renewable sources. It can serve as the best alternative for a low-cost supply of hydrogen even when the transmission and distribution into account. The cost of the transfer of hydrogen and distribution is low, making it easy to use hydrogen from renewable sources cheap to the end-user. The decrease in the price of the production of hydrogen will lead to the reasonable cost of electricity; thus, most users will prefer to use hydrogen electricity in different sectors, thus reducing the carbon emission in the atmosphere. The carbon emission in the atmosphere has lead to the change of climate and an increase in diseases.