Welcome! Let’s grow the hydrogen economy together. Let’s grow the hydrogen community! Questions & Answers What in your opinion is the largest obstacle facing the hydrogen economy?

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  • Björn Lüssow

    Administrator
    September 27, 2022 at 11:26

    I think that the biggest challenge currently is that the hydrogen economy is currently in the activation phase and not yet fully competetive.

    Each company that is offering products, services or hydrogen with the intention to scale-up is largely depending on the success of other players that they are scaling up fast.

    a) if you develop a component you need buyers to scale

    b) if you offer advice you need projects/players that need such advice

    c) if you produce green hydrogen you need companies that consume such hydrogen

    As all market participants in the activation phase heavily depend on the point how bold the demand side is, the economy will only scale up if we all scale up jointly. The public funding make it more easy to invest.

    The economy requires bold actions in an unsecure envirmoment from all players. Only if all players are moving forward we can secure joint success.

    Another critical point is in my view transparency. Only if you find customers you can sell to them, only if you find suppliers you can build something, only if you know your competitors you can compete with them. Hyfindr is adressing the transparency issue and we are helping others to connect.

    • Ruturaj Chavan

      Member
      September 29, 2022 at 09:35

      I agree with your perspective, Mr. Lüssow.

      Although the consumer market has not yet reached its full potential, wouldn’t it be more advantageous and practical to focus on developing nations for the green hydrogen industry? I understand that it is typically the tendency to develop new technology and gradually introduce it to emerging economies. This process requires time and effort because it is crucial to make the technology more accessible. However, given the global environmental and energy issues, the economy to be addressed must be developing countries.

      Green hydrogen could be produced domestically by developing countries with good renewable energy resources, creating economic opportunities and enhancing energy security by lowering exposure to fluctuations in oil prices and supply disruptions.

  • Steven Oji

    Administrator
    September 28, 2022 at 09:00

    Besides the points raised above I think its also about available alternatives. All energy carriers have major obstacles that need (or needed to be) to be overcome and the moment other problems start coming up for the incumbent energy carriers new solutions (Hydrogen) become more attractive and will more easily overcome their obstacles. So its about being there as an alternative energy carrier at the right moment – and this is now as we are seeing 😉

  • Hriday Agarwal

    Member
    September 29, 2022 at 08:43

    To answer the 1st part of your question – I believe Hydrogen has the largest potential in Decarbonizing hard-to-abate sectors such as Industrial production of Steel, Heavy Duty Transportation of goods, and Chemical Production of Ammonia and Methanol.

    To answer the 2nd part of your question – I think a major problem with the current hydrogen industry is that the Demand is 15X more than what suppliers can provide. For example – Electrolyzers are being ordered on the GW scale but suppliers are still in the process of setting up factories to meet that demand.

    While this is a problem, I think it’s a solvable problem which will see effect as time progresses, and manufactures reach scale.

    Hope it helps:)

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