Global energy consumption is set to grow by 50 per cent by 2050; in developing countries and emerging economies it will increase by as much as 70 per cent. This means that green hydrogen is absolutely essential to a successful energy transition and to achieving international climate goals. It can be used, among other things, to produce climate-neutral fuels. They are called Power-to-X products (PtX). Green hydrogen can also be used to store energy. That makes green hydrogen a key commodity in a successful energy transition.

How it works?
Using a procedure known as electrolysis, sustainably generated electricity is used for the decomposition of water into oxygen and hydrogen. By adding carbon dioxide (CO2) from the air, the hydrogen can then be turned into climate-neutral synthetic liquid fuel (power-to-liquid) or fuel gas (power-to-gas).

Green hydrogen and PtX derivatives can make a crucial contribution towards reducing the carbon emissions of industries where electrification would be very difficult, for instance aviation and marine transport. The technology can also be applied in other emission-intensive areas, like the steel and chemical industries.