Editing FuelCell Energy, Inc.
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Climate goals have been set by almost every country in the world. Hydrogen is a key and realistic method of countries achieving these goals. This is why the EU 10 million tonnes of renewable hydrogen by 2030 and to import 10 million tonnes by 2030 [https://energy.ec.europa.eu/topics/energy-systems-integration/hydrogen_en (energy.ec.europa.eu/topics/energy-systems-integration/hydrogen_en).] This is despite the EU only having 2% of hydrogen in their total energy consumption, below the global average of 2.5%. | Climate goals have been set by almost every country in the world. Hydrogen is a key and realistic method of countries achieving these goals. This is why the EU 10 million tonnes of renewable hydrogen by 2030 and to import 10 million tonnes by 2030 [https://energy.ec.europa.eu/topics/energy-systems-integration/hydrogen_en (energy.ec.europa.eu/topics/energy-systems-integration/hydrogen_en).] This is despite the EU only having 2% of hydrogen in their total energy consumption, below the global average of 2.5%. | ||
The EU and UK have pledged to be carbon neutral by 2050. In a carbon neutral world Deloitte have estimated that clean (renewable and low carbon) hydrogen could increase from 90 million metric tons (MT) today to 660 MT in 2050, making up 22 per cent of the final energy demand globally then (https://www2.deloitte.com/uk/en/focus/climate-change/zero-in-on-hydrogen.html?id=gb:2ps:3gl:4climate:6brand:hydrogen%20fuel-589416397834&gclid=Cj0KCQjwiIOmBhDjARIsAP6YhSWJ2CXJuVX_AQ2ZI8mssGp-oPosa9iCh6nAAgUj0Z3nMVmttpUVSxYaAku7EALw_wcB). | The EU and UK have pledged to be carbon neutral by 2050. In a carbon neutral world Deloitte have estimated that clean (renewable and low carbon) hydrogen could increase from 90 million metric tons (MT) today to 660 MT in 2050, making up 22 per cent of the final energy demand globally then (https://www2.deloitte.com/uk/en/focus/climate-change/zero-in-on-hydrogen.html?id=gb:2ps:3gl:4climate:6brand:hydrogen%20fuel-589416397834&gclid=Cj0KCQjwiIOmBhDjARIsAP6YhSWJ2CXJuVX_AQ2ZI8mssGp-oPosa9iCh6nAAgUj0Z3nMVmttpUVSxYaAku7EALw_wcB). | ||
The distributed power generation market is expected to reach $257 billion by 2028, driven by increasing energy demand, grid security concerns and sustainability initiatives. Fuel cell adoption is projected to grow at 19% CAGR, supported by dropping costs and technological improvements. | The distributed power generation market is expected to reach $257 billion by 2028, driven by increasing energy demand, grid security concerns and sustainability initiatives. Fuel cell adoption is projected to grow at 19% CAGR, supported by dropping costs and technological improvements. |