HYDROGEN: THE FUTURE ENERGY CARRIER

Clean hydrogen is enjoying unprecedented political and business momentum, with the number of policies and projects around the world expanding rapidly. Further acceleration of efforts is critical to ensuring a significant share of hydrogen in the energy system in the coming decades. Per unit of energy, hydrogen supply costs are 1.5 to 5 times those of natural gas. Low-cost and highly efficient hydrogen applications warrant such a price difference. Also, decarburization of a significant share of global emissions will require clean hydrogen or hydrogen-derived fuels. Currently, significant energy losses occur in hydrogen production, transport and conversion. Reducing these losses is critical for the reduction of the hydrogen supply cost.