Hydrogen's Tipping Point: Blue vs Green Projects and Infrastructure Development
Key Ideas
- Mona Bhagat from KBR Sustainable Technology Solutions discusses the current state of hydrogen projects, highlighting both challenges and opportunities.
- The shift towards green hydrogen projects is being supported by tax incentives and credits in the U.S. and EU, indicating a positive trend towards sustainable energy.
- Infrastructure development and technology advancements are crucial for scaling up green hydrogen production and ensuring its economic viability.
- Subsurface storage, modeled using advanced technologies, presents a cost-effective and safe solution for storing large volumes of hydrogen to meet growing energy demands.
Mona Bhagat, Director of Technology and Energy Transition at KBR Sustainable Technology Solutions, discusses the current state of hydrogen deployment. She points out the existing improvements and challenges in the hydrogen sector, such as a growing pipeline of projects, supportive regulations, cost increase, project delays, and regulatory uncertainty. Bhagat emphasizes that while blue hydrogen projects are expected to dominate the next decade, the rise of tax incentives and credits is supporting the development of green hydrogen projects. This shift is evident in the increasing number of green hydrogen projects being pursued globally. Bhagat stresses the importance of investing in technology and infrastructure to support the production and storage of hydrogen, paralleling the evolution of solar technologies.
Furthermore, international cooperation and public-private partnerships are seen as crucial for the broader deployment of hydrogen. The article also provides an overview of the differences between blue and green hydrogen production methods, highlighting the environmental benefits of green hydrogen and the interest in scaling up its production to meet net zero targets.
The article delves into the importance of subsurface storage for hydrogen, with insights from Kiran Venepalli of Computer Modelling Group. Venepalli explains various storage options for hydrogen, emphasizing the cost-effectiveness and safety of subsurface storage compared to high-pressure tanks. He notes the necessity of technology investment to ensure secure storage, and highlights the role of advanced modeling technologies in reducing risks and ensuring containment of hydrogen without leaks. The article concludes by underlining the significance of technology and infrastructure development in advancing the hydrogen economy and meeting future energy needs.