Our hydrogen future
It’s estimated green hydrogen could supply up to 25% of the world’s energy needs by 2050, making it the fuel of the future.
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It’s impossible to achieve net-zero emissions by 2050 if we continue to use our resources the way we do today. But change doesn’t happen overnight.
What we know is, the foundation of a net-zero economy is net-zero infrastructure. Therefore, fossil fuels must be phased out and replaced with sustainable, renewable alternatives.
Clean and reliable, hydrogen is the fuel of the future.
Hydrogen has an energy density of approximately 120 MJ/kg, almost three times more than diesel or gasoline.
1kg of hydrogen is equivalent to 33.3kWh of energy, or in other words:
- 1 kg of hydrogen = 100 km driven in a Hyundai hydrogen fuel cell car
- 1 kg of hydrogen = 14.5hrs of aircon
Any organisation on the hydrogen journey must understand the colours of hydrogen:
- Green hydrogen – produced through electrolysis via renewable energy
- Blue hydrogen – sourced from fossil fuel with CO2 captured and stored
- Grey hydrogen – produced from fossil fuel (commonly through steam methane reforming)
- Black or brown hydrogen – produced from the gasification coal
Our motto is, green in, green out – green hydrogen is only as sustainable as the renewables used to create it.
The National Hydrogen Strategy states 1kg of clean hydrogen avoids 15kg CO2 emissions. This means that hydrogen is the missing piece to the world’s decarbonisation puzzle.
Green hydrogen can generate heat and power for everyday commercial, transport and residential use. This versatility allows green hydrogen to complement existing renewable infrastructure.
Green hydrogen allows us to store renewable energy, enabling the storage of valuable solar and wind power.
It’s estimated green hydrogen could supply up to 25% of the world’s energy needs by 2050 and become a US $11.7 trillion addressable market by 2050.
Global demand for hydrogen exported from Australia could reach one million tonnes by 2030, adding USD 8.1 billion in GDP growth each year by 2050.