July 21, 2024

Political Commentary

News Politics Business Sports

New Reactor Design Is A Gamechanger For Green Hydrogen

2 min read

The total market potential of hydrogen technology could reach $11 trillion by 2050, with major advancements and falling production costs, says Bank of America, which firmly believes “we are reaching the point of harnessing the element that comprises 90% of the universe, effectively and economically”.

This year, in particular, has seen major momentum …

Germany and Norway have agreed to build a hydrogen pipeline as a replacement for Russian natural gas and coal.

Australia’s hydrogen project pipeline is one of the biggest in the world, with 12 million tons per annum–the bulk of which is green, or clean, hydrogen, according to Wood Mackenzie.

In the U.S., McKinsey sees potential for the Gulf Coast–led by Houston–to become the world’s leading clean-hydrogen hub by 2030. Hydrogen could be far bigger than LNG, even. Texas alone, could see demand for hydrogen top 21 million tons per annum by 2050.

“The effect would be significant: a clean-hydrogen hub could possibly generate around $100 billion in additional GDP by 2050 for Texas,” McKinsey says.

Washington is also pouring money into hydrogen projects.

The catalysts are lining up with phenomenal momentum, and there is a logical reason for this:

Of all our climate change efforts, JP Morgan says hydrogen will be the “pivotal” source of energy over the coming decades, with both nuclear fusion and carbon capture, utilization and storage (CCUS) “unlikely to have a significant impact prior to 2030.

Now, with all eyes on the real innovators here, a high-tech hydrogen breakthrough by privately-held GH Power opens another door in this burgeoning $ 11 trillion industry that’s created a hydrogen bull market.

Reactor Hydrogen for North America

North America is desperate for hydrogen breakthroughs, and GH Power’s new renewable energy technology is one of the latest. The technology uses exothermic reactions with only two inputs (end of life or recycled aluminum and water) to create three extremely valuable…



2023-11-27 20:01:00

All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator


Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.