Unlocking the Green Hydrogen Revolution
The new whitepaper from Siemens Gamesa, sets out a roadmap to drive down the cost of green hydrogen production within the next decade.10 Jun. 2021
Green hydrogen price parity with fossil-based hydrogen is achievable from onshore wind by 2030 and offshore wind by 2035 with appropriate policy frameworks and market mechanisms in place.
Increase drastically the capacity of renewables because the green hydrogen revolution relies on this. The world needs up to 6,000 GW of new installed renewable energy capacity by 2050, up from 2,800 GW today to generate the expected demand for hydrogen.
Create a cost-effective demand-side market for green hydrogen to drive down the costs of equipment, infrastructure and day-to-day operating costs.
Develop the supply chain as no one provider can own the entire production and distribution process. At the moment, initiatives are fragmented, and therefore costly, meaning renewable energy companies, electrolyzer manufacturers, network providers and water treatment specialists need to work together to build a resilient supply chain.
Build the right infrastructure in terms of logistics, storage and distribution. There needs to be investment in hydrogen pipeline networks to unlock the potential of green hydrogen.
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