Can the smallest and simplest chemical element accelerate the energy transition and contribute to a significant reduction in CO2 emissions?

CO2 emissions are the ultimate goal of the energy transition, and accelerated efforts are being made to realize the green agenda by 2050. Although it is a complex process, it seems that the potential of renewable energy sources is really great. Their use until the complete replacement of conventional energy offers a completely green process, but at the same time, they open space for the development of new industries, but also the transformation of existing ones.

Cheap green energy is the biggest benefit of renewable energy sources, but they are also a source of green hydrogen, which significantly increases their importance. The dual effect unequivocally indicates the long-term sustainability of the green agenda. Green hydrogen from renewable energy sources contributes to the reduction of CO2 emissions. In addition, the technical possibility for its storage and transportation will enable decarbonization and use of green energy even in heavy industries, land, and air transport. It is green hydrogen from renewable energy sources that prove that innovative solutions, which are fully in coordination with the environment, really open a new era of complete transformation, not only in terms of energy but also in terms of substance. Success with electric vehicles is only the beginning of its utilization and confirmation of the justification for further investments in green hydrogen. It is important to note that investments are obtaining more green hydrogen, at the same time the number of renewable energy sources is increasing. Therefore, to get more green hydrogen, we must invest in renewable sources.

In the context of the green transition, it is green hydrogen that is becoming the right solution for providing clean energy to the major global heavy industries. Heavy industry and transport are some of the largest producers of CO2, but at the same time, these global industries are hard and slow to move towards the green agenda. The possibility of green hydrogen storage and transport accelerates the energy transition and creates opportunities for cooperation and networking. One such example is the HyDeal Ambition project, a $7.8 million investment in Spain in the Asturias green hydrogen field and one of the largest projects of its kind in the European Union. As part of this project, it is planned to produce 7.4 GW of green hydrogen from 9.5 GW of solar energy, which will be used in its work by the steel giant ArcelorMittal and Fertiberia.

The project for the import of green hydrogen to the EU from Africa is interesting. This was the main topic of the summit between the two unions, the EU and the African Union, and the strengthening of cooperation. Namely, this is in line with the fulfillment of the agenda of the European Commission which envisages a large part of green hydrogen to be produced by countries outside the EU, by 2030.

Green hydrogen and its potential will be key for transforming the industry, but at the same time opening up new opportunities. So far, green hydrogen has the greatest potential to replace fossil fuels in the future and enable the rapid transformation of the industry. European Commission analyses show that green or pure hydrogen could cover 24 percent of global energy demand by 2050, with annual sales of 630 billion euros.