The Callisto tanker sits anchored outside the Strait of Hormuz
Letter on hydrogen: Green hydrogen’s second chance
The second fossil-fuel price shock in four years can be a much-needed catalyst for investment in the sector
The fossil-fuel price shock unleashed by the conflict in the Middle East has presented the green hydrogen sector with an unexpected opportunity to kickstart its growth. Surging crude and natural gas prices, and the bottleneck in the Strait of Hormuz, serve as a reminder to governments and investors of the compelling narrative that underpinned the case for green hydrogen when it first emerged as a serious option about five years ago: that the global energy map could be redrawn as regions with abundant wind and solar, such as Australia and Latin America, become the next generation of major energy exporters in the form of green molecules. The industry certainly needs a lift. The number of proje
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