‘There is no business for green hydrogen’ – Siemens Energy CEO

“There is no business,” he told the BBC.

During a discussion on CNBC’s Sustainable Future Forum on Tuesday, Christian Bright listed a number of areas that need to focus on increasing green hydrogen speeds.

“We need to define this technology and the boundaries that make these issues commercially viable,” Birch told CNBC’s Steve Sedegwick.

And we obviously need cheap electricity and a lot of renewable energy to do that. This was not yet, he argued.

Hydrogen can be produced in many ways. One method involves the use of electrolysis, by dividing an electric current into oxygen and hydrogen.

If the energy used in this process comes from renewable sources such as wind or solar, some call it green or renewable hydrogen.

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While there is some potential for green hydrogen in some areas, it is still expensive to produce. Indeed, the National Grid describes gray hydrogen as “the most common hydrogen product today.”

This gray hydrogen, says, “is made from natural gas or methane, but does not contain greenhouse gases produced in the process using steam methane recycling.”

In his comments, Banda emphasized the need to build an industry that supports the green hydrogen business.

The technical and operational knowledge developed over 10 to 15 years was crucial, as one typically saw in the electrical industry.

“To do all this is to create a business system,” Birch said. “So the biggest problem is [that] Given the current border situation, green hydrogen is not yet a trade issue.

Another participant in Tuesday’s discussion was Marco Alvara, CEO of Italy’s energy infrastructure giant.

Among other things, he said, it is important to establish a framework to encourage sustainable industrial development.

You need good printing and policies to encourage or compel it – to change from gray to green, from gas to hydrogen, from coal to hydrogen. ” And then it happens very quickly.

Hydrogen, described by the International Energy Agency as a “versatile energy carrier”, has a wide range of applications and can be used in industries and transportation.

One area that has become a hot topic in recent years is the use of hydrogen fuel cells in cars.

“It is extremely difficult to use on private cars or passenger cars,” says Siemens Energy Brush. It’s not a matter of usage going first.

“I think it makes more sense to talk about the use of hydrogen in heavy duty mobility or in certain industrial applications,” he said.

We talk about green steel or green refining processes, they provide a more efficient, more CO2 efficient and more cost effective environment for green hydrogen.

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