The ‘time is now’ for hydrogen – Baker Hughes AM 2021
A clean-molecule solution is needed for hard-to-abate sectors and cost-competitiveness is within sight
The time is now right for the build-out of the hydrogen economy, with supporting factors such as public opinion and the falling cost of technology all falling into place, a panel of industry leaders agreed this morning at the 2021 Baker Hughes annual meeting. Marco Alvera, CEO of Italian energy infrastructure company Snam, said: “I recently moved from being a big sceptic to being a big fan… I think the time is now because the world is the taking net-zero seriously.” He noted that countries representing 60pc of emissions have committed to net-zero and that this is only possible if we “electrify everything” and use “green molecules”. “I recently moved from being a big sceptic to being a
Also in this section
28 March 2024
Investment landscape is firming up in North African country with potential to become one of the world’s major exporters
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome