Green hydrogen investment bounces back pemedianetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pemedianetwork.com Daily Mail and Mail on Sunday newspapers.
Continued reform has made Brazil the leading market in South America for renewable energy investors according to Ernst & Young and other leading sources.
Oman currently relies heavily on fossil fuels, generating up to 85% of its GDP from oil and gas, but its fossil fuel reserves are dwindling and becoming increasingly costly to extract. In December 2020, the country published its Oman Vision 2040 strategy, a plan to diversify the economy away from fossil fuels and increase investment in renewables.
Green hydrogen could play an important role, said Eastman, thanks to the Omanâs combination of plentiful daytime sun and strong winds at night. âOman is one of the places in the world that Iâve called the âfuture renewable superpowersâ,â said Michael Liebreich, the founder of BloombergNEF, âbecause what you really want [to produce green hydrogen] is very cheap solar and very cheap wind.â
And this list will undoubtedly grow in the coming weeks and months as more companies seek to get an early foot in the door of what is expected to be an enormous and potentially lucrative new sector. Let s not forget that despite the massive potential for green hydrogen to decarbonise transport, heating and heavy industry, this is still a nascent sector the largest electrolyser currently in operation is only 20MW.
The thinking behind leaping from megawatt-scale to gigawatt-scale is that the future demand for green H
2 will be gigantic, and that costs can be quickly driven down through economies of scale, with a view to making renewable hydrogen cheaper than highly polluting grey (produced from unabated natural gas or coal) by 2030.
White Martins to support $5 4bn hydrogen hub in Brazil h2-view.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from h2-view.com Daily Mail and Mail on Sunday newspapers.