Israel's Green Hydrogen Revolution: A $450B Market by 2030
Key Ideas
  • Former Eilot CEO, Dorit Bennett, estimates the global green hydrogen market to reach $450 billion by 2030, showcasing a significant financial opportunity.
  • The approval of a carbon tax decree in Israel is expected to accelerate the country's transition to green energy, encouraging the shift towards clean fuels and technological innovation.
  • The hydrogen session at Greentech 2024, to be moderated by Bennett, highlights Israel's potential to become a key player in producing and utilizing green hydrogen, positioning the country as a leader in clean energy solutions.
  • Israeli startups and established companies are investing in hydrogen and carbon capture technologies, aiming to lead the way towards a zero-carbon economy by 2050 and strengthen global cooperation in combating climate change.
The Knesset's finance committee recently approved a carbon tax decree in Israel, setting the stage for a green energy transition. Dorit Bennett, former CEO of Eilat Eilot, foresees the global green hydrogen market to balloon to $450 billion by 2030, driven by the increasing focus on clean fuels and technological advancements. The upcoming Greentech 2024 conference in Jerusalem will feature a hydrogen session led by Bennett, emphasizing Israel's potential in green hydrogen production and utilization. The session aims to showcase Israel's capability to become a significant technological player in the global green hydrogen scene, with discussions on the entire value chain of green hydrogen production and its diverse applications across industries. The shift towards green hydrogen aligns with international efforts to combat global warming and reduce reliance on polluting fuels. Major companies and startups in Israel are actively developing solutions in green hydrogen production, storage, and end-use applications, positioning the country on the path towards a zero-carbon economy by 2050. Israeli innovation in the clean energy sector, led by startups and supported by established industrial players, not only reduces environmental impact but also strengthens Israel's role in the global fight against climate change. Rotem Arad from H2PRO highlights Israel's potential as a hub for clean energy solutions and emphasizes the strategic importance of green energy in propelling Israel to the forefront of the global energy transition. The Greentech 2024 conference will serve as a platform to showcase Israel's progress in clean hydrogen technology and its commitment to sustainable, innovative solutions for a greener future.
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