According to data from the World Energy Council, the number of hydrogen partnerships throughout the world is growing and will certainly continue to rise. According to a news release, the organization has created 41 low CO2 or neutral hydrogen (H2) import-export agreements throughout the world since 2017, the bulk of which have occurred in the last two years. With 13 and nine collaborations, Germany and Japan are the countries with the most partnerships.
“To meet their climate and energy goals, more and more nations throughout the world are turning to low-CO2 or CO2-neutral hydrogen (H2),” says Dr. Carsten Rolle, executive director of the World Energy Council’s German chapter. “However, many nations will not have adequate generating capacity to fulfill their future need for hydrogen — for example, because renewable energy development potential is restricted.”
The World Energy Council discovered that H2 partnerships are frequently concentrated in a few nations throughout their research. Germany, Japan, and South Korea, who are projected to become net hydrogen importers, have established a disproportionately large number of intergovernmental H2 agreements. However, nations such as Australia, Chile, and Saudi Arabia, who want to profit economically from H2 exports and develop an H2 economy, are becoming more active globally in seeking partners to build H2 partnerships, according to the research.
Germany has been investing substantially on hydrogen produced from renewable sources as a “silver bullet” for decarbonizing its heavy industries.