Editing FuelCell Energy, Inc.
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== Company Overview == | == Company Overview == | ||
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Thus, while grey hydrogen production is set to grow it is far outpaced by green hydrogen. | Thus, while grey hydrogen production is set to grow it is far outpaced by green hydrogen. | ||
A helping factor to the rise of hydrogen is the lowered costs of renewable energy which is required for green hydrogen. A key example of this is solar energy which is | A helping factor to the rise of hydrogen is the lowered costs of renewable energy which is required for green hydrogen. A key example of this is solar energy which is 25% the price of what it used to be (https://www.marketsandmarkets.com/Market-Reports/green-hydrogen-market-92444177.html). Similarly the cost of electrolysers for green hydrogen is about half the price of what it was 5 years ago, particularly from the developments in the oxide membrane which allows for near 100% efficiency for factories with already hot settings. | ||
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%. |