Forbes: Green Hydrogen Will Become The 21st Century Version Of Oil. The GH2 market will expand from $1B to $30B in 2030

[Caribbeans]

Green Hydrogen Will Become The 21st Century Version Of Oil

Ken Silverstein | Forbes.com | Mar 18, 2024

When green hydrogen gets its legs, it will become the ‘new oil’—the energy source that drives the global economy. As such, countries are now preparing and forming international coalitions to position themselves for that future.

The quest to hit net zero by 2050 is generating interest in clean hydrogen, which also has the potential to decarbonize hard-to-abate sectors such as steel, chemicals, and shipping. While technology and clean energy prices are falling, they must decline more to complete this energy transformation.

"We need to reduce emissions and provide clean energy, which will require new investments in the technology and production of green hydrogen," says Fredrik Mowill, chief executive of Hystar, in an interview. "If you need clean energy, then green hydrogen is an important part of that transition. The money flowing in will create new jobs, technologies, and markets, tremendously impacting the entire value chain. We will spend less money on traditional carbon-based fuels, too."

The green hydrogen market will expand from about $1 billion today to $30 billion in 2030, according to MarketsandMarkets. Low renewable energy prices and advancements in electrolysis will drive the growth. However, a lack of transportation and storage infrastructure is a barrier. That’s why countries and companies are partnering to build economies of scale.

The advantages of hydrogen are that it is abundant, renewable, and non-polluting. But it is expensive to make, transport, and store...more
https://www.forbes.com/sites/kensilverstein/2024/03/18/green-hydrogen-will-become-the-21st-century-version-of-oil/


Link the US economy to OIL? Brilliant!

9-6-1974 SAUDI ARABIAN INTERIOR MINISTER AND KISSINGER SIGN AGREEMENT (that almost everyone has forgotten)