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ARTICLE · 16 NOVEMBER 2022

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Hydrogen And Its Role In The Energy Transition

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Since providing our overview of the emerging hydrogen economy back in December 2019 and April 2020 and our commentary on the role of hydrogen in achieving Singapore's net-zero ambitions...

GlobalEnergy and Natural Resources

Overview

Since providing our overview of the emerging hydrogen economy back in December 2019 and April 2020 and our commentary on the role of hydrogen in achieving Singapore's net-zero ambitions in August 2021 and April 2022, hydrogen has continued to enjoy unprecedented political and business momentum, but the extent to which blue and/or green hydrogen (collectively "low carbon hydrogen") will be the key to unlocking the energy transition is still a matter for debate. It is without doubt however that low carbon hydrogen will have a role to play.

Renewable energy deployment is only part of the energy transition story.

  • Electricity accounts for only 20 percent of energy consumption globally. For reliance to be placed on renewable electricity production for a significant part of global power-supply requirements, a large-scale and efficient means of storage is needed to address intermittency issues with current renewable technologies (wind, solar, etc.).

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