GE Vernova's Perspective on Energy Transition and Future Technologies
Key Ideas
- GE Vernova believes ambitious clean hydrogen cost reduction goals are achievable in the global energy transition.
- The company sees a clear future for natural gas in grid balancing, considering it more useful than batteries.
- Despite the slow progress, CCUS technology is considered vital as the path to decarbonization becomes more intense.
GE Vernova, a key player in the global energy transition as a technology partner, is optimistic about the achievable clean hydrogen cost reduction goals. They emphasize the importance of natural gas in balancing grids with high renewable energy penetration, highlighting its superiority over batteries in this aspect. Additionally, despite the slow growth of Carbon Capture, Utilization, and Storage (CCUS) technology, GE Vernova recognizes its crucial role in the decarbonization process as the world intensifies its efforts towards lowering carbon emissions. This positive outlook from GE Vernova indicates a strong commitment to embracing innovative solutions and technologies to address the challenges associated with transitioning towards a cleaner and more sustainable energy landscape.