Why hydrogen, why now? Because climate, economy and finance say so
By: David Hart
June 9, 2020
In the news
Hydrogen energy is seeing unprecedented support. Not only from long-time enthusiasts like Japan and Korea, but from upstarts like Australia and Chile. Germany has just announced a plan to spend €7bn on hydrogen as part of an economic stimulus package. The IEA–born in the oil crises–is publicly suggesting we need more hydrogen in the energy system, and the World Economic Forum helped seed the Hydrogen Council, now 81 hydrogen-supporting members including oil and gas companies and carmakers, trading companies and banks. European Commission Vice President Frans Timmermans sees hydrogen as essential to Europe’s Green Deal.