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Hi everyone I'm Steve Hill CEO of new hydrogen with this week's top hydrogen news First up Toyota's Los Angeles R&D office has transformed into the North American hydrogen headquarters focusing on Fuel Cell Tech and hydrogen products this exciting move highlights Toyota's dedication to zero emission Solutions including a tunder siiz fuel cell pickup with Towing power and Speedy refueling the hydrogen headquarters or h2q will spearhead research development and sales of hydrogen products Paving the way for a cleaner Greener future
Next up Investors Business Daily reports that in the race towards a cleaner energy future hydrogen is emerging as a contender worth watching despite facing challenges like limited refueling stations and refining complexities big names like Exxon and Chevron are championing a shift towards clean hydrogen even traditional oil companies can see the Green Wave coming that's probably because the green hydrogen Market is set to rival natural gas by 2030 with Goldman Sachs projecting a staggering 122 trillion do Market by 2050
Last up Patrick puon the head of total energies is pretty doubtful about Europe's big plans for green hydrogen he says EU hydrogen targets are impossible as green hydrogen costs eight times as much as gray hydrogen today he says green hydrogen will need to gain favor Beyond just the tough to clean Industries and it's not going to get any cheaper he's skeptical about it hitting that huge EU goal of 20 million tons by 2030 Mr puan is
Not alone many doubt the cost- effectiveness of green hydrogen as a widespread replacement for today's dirty fuels this idea is rooted in the understanding that green hydrogen production technology can't be squeezed more than it already is in order to produce cheap green hydrogen and become cost competitive new hydrogen anticipated this problem and that's why we've been working with some of the best chemists and material scientists in the world at UC Santa Barbara to unlock a cheaper
Production method you can get all the details at newhydrogen.com and while you're there sign up for our free newsletter and exclusive industry expert hydrogen podcasts Thanks for watching and we'll see you again next week