After decades of doubt, it may be time to start using hydrogen as a driving force. According to the well-known Economist magazine, hydrogen can become a staple fuel.
Climate change and the rising price of fossil fuels make it necessary to find alternative methods of energy production.
Investments in hydrogen began in the 1970s but failed due to technical difficulties. This technology can reduce emissions by up to 10%.
But hydrogen is not ready in the atmosphere which means it has to be produced. By the method of electrolysis, the water molecule is broken down into hydrogen and oxygen. Until now this has been very expensive.
Nowadays there are over 350 major programs that try to improve the whole process. By 2030, investments are estimated to reach $ 500 billion.
Morgan Stanley Investment Bank estimates that by 2050, annual hydrogen sales could reach $ 600 billion, up from $ 150 billion today.
The countries that rely most on this technology are Britain, France, Germany, Japan and South Korea. The Japanese and South Korean automakers also intend to sell hydrogen-powered cars. Europe intends to heat homes with this method.
Industry in general, long-distance transport such as ships, planes, trains and trucks can operate with it. And yet the uses of hydrogen will increase as large investments are made.
[Source: http://www.capital.gr]
