HYDROGEN DEMAND DRIVERS

HOW WE CAN USE HYDROGEN TO CHANGE THE WORLD?

Hydrogen is considered the fuel of the future because it is the most abundant resource on the planet and is viewed as the most viable option for decarbonising multiple industries. This is driving demand in sectors all over the world.

Global Hydrogen Demand >

REVOLUTIONISING THE ELECTRIC VEHICLE MARKET

Advances in technology mean hydrogen fuel cell electric vehicles are being seen as an increasingly practical option for individual and industrial use. These developments are helping fossil-fuel-free cars become mainstream, low-cost and functional.

We are working with our partners to build an intricate network of refuelling stations across Australia to expedite our conversion to carbon-free hydrogen-powered vehicles.

The facts:

  • Electric batteries are too big for industrial vehicles and aircrafts — hydrogen solves this problem.
  • A similar chemical reaction powering rockets allows them to go twice the mileage of battery-run vehicles.
  • In 2019, the United States had 30,000 fuel cell forklifts in operation, while Hyzon Motors estimates they will have 100,000 hydrogen-powered trucks on the road by 2030.

SUPPORTING TRADITIONAL RENEWABLES

Solar and wind are two of the most prominent renewable energy resources. However, their functionality is dependent on weather cycles out of our control. For this reason, they must be ‘firmed’ to deliver power consistently.

By storing hydrogen-generated electricity, we can provide stability needed for these power grids to function at a reliable level.

The facts:

  • Hydrogen can deliver electricity for seasonal storage, demand response and any other requirement.
  • In some regions, KPMG estimates this technology will lower electricity prices to $27 per MWh by 2050.
  • The Australian Government believes hydrogen power systems are already financially competitive with diesel-solar hybrid and solar-battery systems.

REPLACING DIESEL

Developments in hydrogen see the gas overtake diesel as the fuel source of choice for construction sites, hospitals and remote communities. Using the latest technology available, hydrogen offers affordable, low-maintenance and high-capacity green energy for industries requiring fast, mobile, and dependable power.

If refuelling stations are built and costs reduced, hydrogen will produce reliable power for industries currently dependent on aging diesel fuel systems.

The facts:

  • Hydrogen will transform remote area power systems into state-of-the-art renewable energy hubs.
  • Diesel makes up 41% of the Australian mining sector’s transport and power generation — driving significant early market demand.
  • Hydrogen is considered the new diesel, which is why the Australian Government predicts it will commercially challenge this fuel source by 2025.

DECARBONISING MULTIPLE INDUSTRIES

Committing to net-zero emissions has become the norm for a majority of countries across the world. As expectations are building, hydrogen is viewed as one of the best options for achieving this goal. As companies worldwide commit to net-zero emissions targets, pivoting to newer, cleaner energy sources is where the industry must go.

Together we can lead Australia’s transformation from high emissions power to clean hydrogen.

The facts:

  • The use of green hydrogen replaces fossil fuels, which will significantly reduce the release of carbon dioxide into the atmosphere.
  • Even clean diesel emits plenty of emissions while green hydrogen produces none.
  • We can use the technology to decarbonise the energy industry, helping to fuel wind and solar energy sources.
WHAT'S NEXT?

Global Hydrogen Demand

Australia and it's major trading partners are committing to full decarbonisation by 2050.

Learn why demand is projected to reach USD 201 billion by 2025 at a CAGR of 9.2% during the forecast period.

Read more

Why Hydrogen?

One of the most plentiful resources in the galaxy, Hydrogen can be created through renewable methods like solar, wind and biogas — involving the breakdown of organic matter such as food scraps or wood waste.

Read more

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