The more the years go by and climate change evidence arises, the more we can agree that 100% carbon-free power and transportation is inevitable. Hydrogen has been seen as potential solution to really decarbonize energy needs, it seems to come in many colors and finds many different applications and in fact can be the important enabler of renewables. But it is seen by many as a promise that is still to come. Will it come or has it already arrived?
It is a complex scenario. Legislations push forward utilities to decarbonize faster than other sectors hence promoting hydrogen adoption in power generation. That plays a crucial role in hydrogen scaling rapidly and becoming accessible for other industries. Over time and as availability of hydrogen fuel increases, governments can build out new infrastructure when the switch makes sense.
Cost competition with fossil fuel is still a big barrier, but as fuel availability increases, it will help make hydrogen a cost-competitive solution for decarbonizing transportation, manufacturing and even residential heating.
From the investments and utilities side a lot of the companies that may have missed the renewable wave seem to flirt with the hydrogen opportunity and they won’t miss it when it comes.
This event sheds a light on where we are now in terms of Hydrogen adoption in Scandinavia, with our keynote speaker from the Scandinavian Hydrogen Highway Partnership, as well as showcase 6 startu-ps that can provide such innovations and a pathway to sustainable future.