WOBO Governor David Gibson received a link from Robin that provided an interesting update highlighting research and development proposals that will reduce the embedded energy within the built environment in terms of the creation and delivery of products.
Europe has a clear and credible plan to become the centre of the global hydrogen industry as its governments collectively finance the work needed to become the world’s first hydrogen economy says Rethink Energy Research.
The end result will be 17 million fuel cell powered vehicles across Europe by 2040 – from under a thousand today. Covid-19 recovery funding is set to pave for much of the R&D required to power the transition and the new hydrogen industry will grow at a CAGR of over 50 percent, reaching annual revenues of over $115 billion in Europe alone by 2040. It will have cumulative revenues of over $850 billion by that time.
Snowballing promises and financial pledges surrounding green hydrogen mean Europe stands a real chance of becoming home to many of the major players in one of the fastest emerging economic sectors. Ironically neither USA, the oil king, or China, the renewables leader, seem quite ready for the hydrogen revolution.
https://www.renewableenergymagazine.com//europe-goes-allin-on-hydrogen