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Hello everyone I'm Steve Hill CEO of new hydrogen today we're getting into the latest hydrogen news including hydrogen's trillion doll problem addressing the claim that green hydrogen is the oil of the 21st century a hydrogen plant on the moon and one more thing you definitely don't want to miss so let's get into it
First up Reuters reports hydrogen adoption will cost more than1 trillion dollar mainly in cost to develop hydrogen infrastructure needed to transition to hydrogen fuel European governments have committed significant funds and there's optimism about combining hydrogen with carbon capture for the energy transition and that's a great intermediary step but what if we could produce hydrogen locally anywhere there's heat and water what if it could be green and cheap more on that later
Next up Forbes highlights the rising importance of green hydrogen as the new oil essential for achieving Net Zero emissions by 2050 and revolutionizing industries like steel and shipping despite facing challenges such as infrastructure limitations and production costs the market for green hydrogen is projected to surpass $30 billion do by 2030 the critical task at hand is to transform from environmentally harmful gray hydrogen to sustainable green hydrogen thus reducing CO2 emissions significantly to achieve this the world
Needs Innovative production methods that drive down costs and pave the way for a cleaner future it's time to revolutionize how we produce green hydrogen and make it more accessible for widespread adoption and now for this week's most unusual hydrogen application Japanese company ipace plans to produce hydrogen on the moon using a specialized electrolyzer during an upcoming Mission later this year this technology could fuel rockets and support human habitation on the lunar surface once only a fantasy
Lunar colonization is edging closer to reality as more moon landings are increasingly common hydrogen and space are a natural fit and while we're talking about Stellar stuff it's a good time to hit the like button and
Subscribe to new hydrogen Channel If you like what we're producing here your support means the world to us I promised if you stuck around to share one more thing you don't want to miss Allan Schwarz executive chairman of gugenheim Partners this week's predicted that sustainability will drive the largest wave of capital spending in history despite or possibly because of debt demographics globalization and political dysfunction if you didn't know Guggenheim Partners is a major investment firm overseeing hundreds of billion dollars in
Assets under alen schwarz's leadership these guys know something about Investments so I'll say it just one more time sustainability and that includes green hydrogen will drive the largest wave of capital spending in history one thing is clear these predictions depend on cheap green hydrogen and today's technology isn't going to get us there head over to newhydrogen.com to learn about ThermoLoop which is our solution now under development at UC Santa Barbara while you're there
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