The Rising Potential of Green Hydrogen in the U.S.
Michael Liebreich, founder of Bloomberg New Energy Finance, has updated his Hydrogen Ladder, a visual representation of the relative competitiveness of hydrogen in different domains. Liebreich's ladder shows that hydrogen is not fit for many uses, such as cars, and that demand for hydrogen will likely be in the range of 200-250 million tons per year. In contrast, the author of the article projects a decline in hydrogen demand to around 90 million tons per year. The article argues that hydrogen is an expensive carrier of energy and that electric technologies and biofuels will dominate in the future. The author also questions the viability of hydrogen for industrial heat, highlighting the high costs and inefficiencies associated with blue and green hydrogen.