Green hydrogen is hydrogen produced by splitting water by electrolysis. This process uses hydrogen and releases oxygen into the atmosphere with no negative impact. Electricity required for electrolysis is supplied by renewable energy sources, such as solar or wind. This makes green hydrogen the cleanest option of hydrogen without CO2 as a by-product. Renewable energy generation capacity is anticipated to increase in the near future. Moreover, the adoption of renewable energy is growing due to an increase in the stringency of environment-related regulations and a rise in pressure to minimize the energy consumption of hydrocarbons to reduce CO2 emissions. Implementation of stringent regulations to limit GHG emissions from power generation facilities is driving the utilization of renewable resources in electric generation facilities.
For More Insights, Grab PDF@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77476
The growing awareness about hydrogen as an energy carrier, rising demand for power across the globe, presence of favorable government policies pushing towards the hydrogen economy along with growing environmental concerns regarding increasing carbon emissions from fossil fuel, rising number of supportive policies and regulations, increasing penetration of renewable source of energy are some of the major as well as vital factors which will likely to drive the green hydrogen market in coming years. On the other hand, increasing focus on innovation and technological advancements, growing government investments and subsidies benefitting clean fuel usage along with hydrogen economy being touted as an eco-friendly alternative to fossil fuel economy will contribute by generating massive opportunities that will lead to the growth of the green hydrogen market in coming years.
Advantages Of Green Hydrogen:
100 % sustainable: green hydrogen does not emit polluting gases either during combustion or during production.
Storable: hydrogen is easy to store, which allows it to be used subsequently for other purposes and at times other than immediately after its production.
Versatile: green hydrogen can be transformed into electricity or synthetic gas and used for commercial, industrial or mobility purposes.