The market opportunity for green hydrogen is very simply stated and very simply understood:
The European Union intends to invest $740 billion itno the industry by 2050
Fortesque - Andrew Forrest is also investing billions into hydrogen - eg...850MW single-unit green hydrogen power station in Port Kembla
'Investment firm Goldman Sachs estimates that Green Hydrogen could end up supplying up to 25 percent of the world’s energy and become a $13-trillion market in the long term. The potential demand for hydrogen imports by China, Japan, South Korea, and Singapore alone could reach $9.5 billion by as soon as 2030.'
We are not talking about converting appliances and replacing current gas networks and running your car on hydrogen....not for some considerable time yet.
It will be implemented as a decarbonising agent through industries that can't be electrified - and it is going to occur on a massive scale worldwide
The future of hydrogen - green hydrogen ( any colour you want really) is in high temperature industrial processes and applications to decarbonise / replace into the future the current platforms of production.....and its a huge unmet need / market opportunity and the smart money will move early and fast....hello Total Eran
Stated eloquently by ...
( a big battery in SA - what a ridiculous idea ....well - not so much now really - green hydrogen is coming !)
GLA - keep your eyes peeled - there will be many more opportunities in this sector IMO
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The market opportunity for green hydrogen is very simply stated...
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