Serbia's Green Hydrogen Potential: Opportunities, Challenges, and Future Outlook
Key Ideas
- Electric Power Company of Serbia (EPS) is exploring the production and storage of green hydrogen to enhance energy efficiency and reduce fossil fuel consumption.
- Green hydrogen, obtained through electrolysis of water with renewable energy sources, is seen as a key energy source in the transition to a low-carbon economy.
- Serbia's geographical advantages, like solar energy potential in the south and east, and hydropower resources, position it well for green hydrogen production and distribution in Europe.
- Significant investments in technology, infrastructure, and legal frameworks are necessary to unlock Serbia's green hydrogen potential and reap economic benefits.
The Electric Power Company of Serbia (EPS) is conducting an analysis on the feasibility of green hydrogen production and storage. Green hydrogen is highlighted for its potential in energy storage, diversification, and efficiency. Dr. Ivana Perović from the Institute of Nuclear Sciences emphasizes the importance of renewable energy sources, especially green hydrogen, in combating climate change. While green hydrogen production costs are currently higher than fossil fuels, advancements in technology and falling renewable energy prices are expected to improve its profitability. Green hydrogen's high energy density and zero harmful emissions make it a promising energy carrier. Its wide applications range from industry to households, requiring new infrastructure and adapted appliances. Serbia's strategic location and renewable energy potential offer opportunities for becoming a key player in Europe's hydrogen distribution network, attracting investments and enhancing energy security. However, realizing this potential requires substantial investments in research, infrastructure, and supportive legal frameworks.