History of Hydrogen
“Yes, my friends, I believe that water will one day be employed as fuel, that hydrogen and oxygen which constitute it, used singly or together, will furnish an inexhaustible source of heat and light, of an intensity of which coal is not capable”
Jules Verne, The Mysterious Island, 1865
It makes up 75% of all normal matter either in the form of water or hydrocarbons. As a molecule on its own, hydrogen is light, odorless, colorless, tasteless, non-toxic and highly combustible
To achieve Net Zero carbon emissions by 2050, much hope is pinned on hydrogen meeting at least 13% of the total global energy demand because it has two time more energy per unit mass than natural gas; it does not emit CO2 or general greenhouse gases emissions when burnt; it can be used and stored without indirect emissions; and can perform as an energy carrier. Energy Transition
Hydrogen is a large and fast growing roughly $150 billion market globally and use is predicted to expand 122% from less than 90 million tonnes per annum in 2020 to more than 200 million tonnes by 2030, according to the International Energy Agency’s Net Zero Emissions Scenario
For this to happen,
Existing hydrogen production needs to be cleaner. Hydrogen Spectrum
The exploration and production of naturally occurring geological white hydrogen that exist in a wide range of rock formations and geological regions needs to take center stage. White Hydrogen
And bonus, where geological hydrogen flows, helium often follows. Helium
Hydrogen will be instrumental in difficult-to-decarbonize sectors, such as steelmaking, residential and commercial heating, long-distance road freight, shipping and aviation.
Hydrogen’s potential makes the ubiquitous gas an investment opportunity with $300 billion to be invested in hydrogen projects by 2030, according to hydrogen Insights.
At $78 per tCO2e, green ammonia is also a cost-effective fuel source, potentially opening up shipping and aviation segments
Hydrogen’s high energy to mass ratio and low losses during storage and transportation make it an ideal fit for sectors that have relied on fossil fuels
At $115 per tCO2e, hydrogen could provide cheaper electricity than natural gas in peak periods