Global Race to Drill for Natural Hydrogen Hinges on Unproven Geological Accumulation
Energy firms are racing to extract natural hydrogen from underground deposits, a potential low-cost green fuel. While venture capital has poured nearly US$500 million into exploration since 2023, the existence of large, commercially viable reserves remains unproven. Recent lab studies in Australia suggest magnetite reactions can generate hydrogen, but experts warn that microbial consumption and leaky rock formations may prevent accumulation. Key drilling results from multiple continents are expected within months to determine if this resource can replace fossil fuels.