Future use of Hydrogen gas based on the industry wise....





Future use of Hydrogen gas based on the industry wise....




There is growing potential for hydrogen to be used in #transport, #heating, #industry and #power generation.

By 2030, production of #hydrogen #fuel by “splitting” water—which can be #carbon-free provided the electricity used in the process is produced by #renewables - could become cost competitive with currently predominant methods that require the use of natural gas as a feedstock, according to analysis by IHS Markit

#Costs for producing green hydrogen have fallen 50% since 2015 and could be reduced by an additional 30% by 2025.

#Investment is expected to grow from ~$30 million in 2019 to more than $700 million in 2023.

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