Has the time for the “fuel of the future,” green hydrogen, arrived? Recently, some of the world’s biggest green hydrogen project developers and partners joined hands to launch the “Green Hydrogen Catapult” initiative that aims to drive down costs to below U.S. $2 per kg to help change energy across carbon intensive industries, including steel. The seven founding partners include the Saudi-based ACWA Power, CWP Renewables, Envision, Iberdrola, Ørsted, Snam and Yara. The Green Hydrogen Catapult initiative will try to scale green hydrogen 50-fold in the next six years. The initiative will leverage the support of the Rocky Mountain Institute, a U.S.-based nonprofit organization. The race to zero emissions is aiming for the deployment of 25 gigawatts through 2026 of renewables-based hydrogen production. What is ‘green hydrogen?’ Green hydrogen has been regarded for many years as an alternative fuel to decarbonize emissions-intensive heavy industry and supply chains. It is […]