Green hydrogen projects are surging globally. 🤔 engineering
In order to understand this industry further, let's take a look at how different countries around the world are working on expanding their green hydrogen energy production capabilities. Renewables are now the fastest-growing energy industry, and hydrogen is growing along with it. We're likely going to see the growth of many hydrogen production companies in the next several decades, as it has the potential to be a green energy production powerhouse.
A diagram depicting the versatile lifecycle which green hydrogen can take, through the production process all the way through to usage.has invested heavily in hydrogen production recently. They announced a $10.5 billion investment into Green Hydrogen technology over the next 10-years, with the end goal being that hydrogen can help propel their trucking and shipping industry to zero-emission outputs. with 4 gigawatts of capacity in the next 10 years.
Spain has made itself a haven for renewable energy, in part through policy but also through geography. The landscape provides plenty of wind and sunshine, which makes it perfect for wind and solar production. Right now, the country has built its supply up to 62 gigawatts of renewable energy, but this still isn't enough to replace fossil fuels in the country.
Spain, being part of the European Union, joins its other member countries in its commitment to a renewable energy policy that focuses heavily on green hydrogen as part of the future. The EU alone is hoping to bring its green hydrogen capacity up to 40 gigawatts in the next decade, which would be a significant growth. They're putting their money where their mouth is, too, by committing to invest $430 billion into green hydrogen during that span.
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