Hydrogen beyond the hype: The green fuel's narrow but crucial role in a decarbonized economy
Enthusiasm for green hydrogen may have faded amid high costs and supply issues – but it will be needed in sectors that cannot be easily electrified.
Steve Capanna, policy director, and Owen Zinaman, senior advisor with Crux Alliance, note that just a few years ago, green hydrogen looked set to become a central pillar of the global energy transition.
- Governments worldwide rolled out sweeping hydrogen strategies
- Companies pitched billion-dollar projects to use clean hydrogen throughout the economy
However, the realities of green hydrogen costs, exacerbated by high interest rates and supply chain constraints, have undermined these plans.
Green hydrogen will be needed in sectors that cannot be easily electrified
Author's summary: Green hydrogen has a crucial role in a decarbonized economy despite high costs and supply issues.
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