The Hydrogen Economy Faces Big Challenges

Ah, the hydrogen economy. This is the name for the future where hydrogen from carbon-free sources will be used in myriad applications to reduce the global economy’s carbon footprint.

The miracle fuel could theoretically be used to store energy from wind and solar farms, power industrial processes, and possibly even be used in certain transportation applications.

Also Read :  Energy, inflation crises risk pushing big economies into recession - OECD

Everything looks so promising on paper. In reality, green hydrogen – and the hydrogen economy as a whole – faces a number of challenges that include economic, technical and commercial aspects. It has one of the lowest energy densities of any fuel available, poses unique safety risks, and faces logistical hurdles for storage and distribution.

Also Read :  Energy Markets And Capital: Energy Security’s Toll