Renewable Energy Technology Market: 2024-2029

Hydrogen is the most abundant natural element on Earth, and when used as a fuel, its only byproduct is water. The production of green hydrogen has yet to fully take off, however, and this is largely due to the fact that not enough clean electricity is produced in order to sustain commercial production. The ideal scenario for generating green hydrogen would be to connect the electrolyser to the grid during renewables downtime, in order to maximise electrolyser utilisation. But most power grids are still not zero emissions, meaning using power from the grid will increase the carbon intensity of the produced hydrogen.