Hydrogen Supply Chain Optimization
Pratik
Hydrogen market penetration refers to the extent to which hydrogen is adopted and used as an energy source or feedstock in various industries and applications. Hydrogen has gained significant attention as a potential clean energy carrier and has the potential to play a crucial role in reducing greenhouse gas emissions, particularly in sectors that are challenging to decarbonize, such as transportation and heavy industry. The choice of whether to enter new markets directly or through partners is contingent upon several industry-specific considerations in the hydrogen sector.
Hydrogen technologies encompass a range of technologies and processes that involve the production, storage, distribution, and utilization of hydrogen as an energy carrier. Hydrogen, as the most abundant element in the universe, can be harnessed and utilized in various forms to meet energy needs while minimizing environmental impacts.
Gray hydrogen’s future in the energy transition is uncertain. As the world increasingly focuses on reducing carbon emissions, gray hydrogen is losing favor due to its high carbon footprint. Many countries have set ambitious targets to reach net-zero emissions by 2050, which requires a significant reduction in greenhouse gas emissions.