Green Hydrogen. The Future of a Carbon Free Economy?
The process of using renewable energy to transform water into hydrogen is taking off across the globe.
A popular method across Saudi Arabia, green hydrogen is produced by renewably generating electricity to split hydrogen molecules from oxygen molecules – creating the carbon-free fuel from water.
A current project – the $500 billion city – is in the works in Saudi Arabia and is due to home one million people. Recently this year US gas company, Air Products & Chemicals, revealed their part in creating a green hydrogen plant in Saudi Arabia for the housing project. Powered by four gigawatts from wind and solar projects that stretch the desert, it will be the world’s largest green hydrogen project with proposals to create more plants already in discussion.
As word of green hydrogen begins to spread, investors, governments, environmentalists and many businesses consider the energy source to be the future of diminishing the use of fossil fuels, therefore slowing the process of global warming.
Whilst wind and solar energy are leading the way by providing renewable electricity for our cars and homes, green hydrogen is an ideal power source for the energy-intensive industries, such as steel and concrete manufacturing.
With the topic of green hydrogen on the rise, at Text Mining Solutions we wanted to see if Twitter opinions were in support of this new renewable energy source. Our data mining software has scoured through thousands of Tweets discussing this hot topic to highlight the most popular conversations and opinions.
The News Bulletin shows the importance of green hydrogen’s arrival, naming it “the most important energy experiment” and “a salvation from devastating climate change”.
These findings support the fact that green hydrogen is receiving an aggressive push from an array of industries attempting to reduce their carbon footprint.
We have learnt that industries are seeing how green energy will assist in the clean-up of aviation and shipping, therefore implementation of the renewable energy source is well underway. We can see how Airbus has implemented a plan to develop a zero-emissions plane, and DFDS is currently developing their first green hydrogen ferry.
Nevertheless, the implementation of green hydrogen will not be an easy journey. The financial investments are sky-high meaning industries may not be willing to invest in case of an expensive mistake. Even if the implementation of green hydrogen is a success, businesses must understand that the process remains much more expensive than the hydrogen production process involving natural gas.
As usual, the race is on to implement green hydrogen across the world. Europe is determined to go green and to get the early competitive edge on a market which is predicted to grow to $1.2 trillion by 2050.
We will be following the story of green hydrogen becoming the number one power source, so be sure to follow our Twitter and LinkedIn pages for updates on Twitter views and public opinions surrounding the new renewable energy source.