“Increasing Investments in Green Hydrogen Projects”
- Hydrogen is increasingly being deployed to store excess electricity from intermittent sources such as solar and wind, enabling grid operators to balance supply and demand more effectively
- It allows for seasonal and long-duration storage that batteries cannot economically provide, positioning hydrogen as a critical component in future energy systems
- The integration of hydrogen with renewables supports the decarbonization of sectors such as transportation, steel, and chemicals by providing clean energy on demand
- Advancements in electrolysis technologies are improving efficiency and reducing cost barriers, allowing green hydrogen to become more commercially viable
- For instance, Germany’s H2 Global initiative is facilitating the large-scale use of hydrogen in renewable-rich regions by funding electrolysis and storage projects to stabilize energy systems
