NewHydrogen’s focus on lowering the cost of green hydrogen will help accelerate the transition to green energy

Despite market uncertainty in many sectors, the global push toward realising a green hydrogen economy remains extremely strong. The war in Ukraine is drawing increased attention to the importance of energy security. The recent IPCC report highlights the critical need to lower global emissions to improve our environment. Now is clearly the time for countries and communities around the world to accelerate the move to green energy.

The European Commission is expected to approve the REPowerEU action plan on May 18, giving a significant boost to Europe’s energy independence and positioning Europe to be completely independent from Russian fossil fuels by 2030 following expected approval by the European Parliament and national energy ministers in the EU Council. The White House recently reaffirmed the US commitment to Europe’s energy security and sustainability and to accelerating the global transition to clean energy. These commitments will increase the demand for clean alternative energy sources, including green hydrogen.

“An electrolyser – the primary component of a hydrogen generator – is still very expensive,” said Spencer Hall, COO of NewHydrogen. “The latest results from NewHydrogen’s sponsored research at UCLA show significant progress toward the goal of producing low-cost green hydrogen by replacing or drastically reducing the use of precious metals in electrolysers, which represent a significant cost factor.”

“Our team is very excited to be part of this growing worldwide effort to establish hydrogen as a key source of energy,” Hall continued. “Green hydrogen, which is produced with electricity from renewable sources, meets these goals. We believe that lowering the cost of producing green hydrogen will play a critical role as the world shifts away from fossil fuels.”

For more news and technical articles from the global hydrogen sector, read the latest issue of Global Hydrogen Review magazine.

Global Hydrogen Review's Spring 2022 issue

The inaugural issue of Global Hydrogen Review is full of detailed technical articles and case studies exploring the entire spectrum of hydrogen production and its applications worldwide. This issue covers a range of topics including the current status of blue hydrogen, how cryogenic technology is helping to shape the energy transition, and integrity management of hydrogen pipelines. Other features include green hydrogen, simulation, transportation, compressor technology, and much more.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/19052022/newhydrogens-focus-on-lowering-the-cost-of-green-hydrogen-will-help-accelerate-the-transition-to-green-energy/