1 / 6

Is Hydrogen the Solution to Decarbonize Our Societies Check Essar’s Pivotal Role

Essar aims to create a hydrogen ecosystem that consists of a network of interconnected processes and technologies supporting the production, storage, transportation, and utilization of hydrogen at scale. The group is building an ecosystem around hydrogen, which involves setting up a production facility in the northwest United Kingdom under the EET brand. Through Essar Energy Transition (EET), Essar is paving the way for a sustainable energy future that balances economic growth with environmental responsibility.

Essar4
Download Presentation

Is Hydrogen the Solution to Decarbonize Our Societies Check Essar’s Pivotal Role

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. IS HYDROGEN THE SOLUTION TO DECARBONIZE OUR SOCIETIES? CHECK ESSAR’S PIVOTAL ROLE

  2. After years of debate on whether hydrogen is the solution to decarbonize our industries, it is now clear that hydrogen technologies have entered the mass market. With increasing investments and rapid technological developments, hydrogen offers a solution to decarbonise our most carbon-intensive businesses. As a result, governments and businesses are increasingly announcing new hydrogen strategies for the benefit of society, encouraging businesses to invest in the sector. One such business is the Essar Group, which recognizes the pivotal role of hydrogen in the future of energy. With its dedication to sustainability and innovation, Essar has positioned itself as a key player in the global hydrogen landscape, focusing on green and low-carbon hydrogen to lead the charge toward a clean future.

  3. Essar’s Vision for a Hydrogen Ecosystem Essar aims to create a hydrogen ecosystem that consists of a network of interconnected processes and technologies supporting the production, storage, transportation, and utilization of hydrogen at scale. The group is building an ecosystem around hydrogen, which involves setting up a production facility in the northwest United Kingdom under the EET brand. Through Essar Energy Transition (EET), Essar is paving the way for a sustainable energy future that balances economic growth with environmental responsibility. Despite facing challenges due to Essar litigation, the company has remained focused on overcoming the issues while remaining committed to investing in cleaner businesses worldwide.

  4. Global Clean Hydrogen Market Dynamics The number of low-carbon and renewable hydrogen projects worldwide is increasing rapidly, with more than 1,400 new production projects announced between 2020 and 2023. Regarding renewable hydrogen, obtained using renewable electricity to split water into oxygen and clean hydrogen, Europe dominates the market with more than half of the world’s known renewable hydrogen projects. The global green hydrogen market size is estimated to grow from USD 1.5 billion in 2024 to USD 125.3 billion by 2035, representing a CAGR of 49.5%, during the forecast period, 2024- 2035. Hydrogen is seen as a critical enabler of the energy transition, especially in industries like heavy transportation, steel manufacturing, and aviation, where traditional electrification solutions are not viable. Creating a global ecosystem supporting hydrogen production, storage, transportation, and utilization is essential to achieving a sustainable, low-carbon future.

  5. The Growing Importance of Hydrogen Green hydrogen is a promising technology gaining momentum in recent years as a potential solution to the challenges of transitioning to a sustainable energy future. Green hydrogen refers to producing hydrogen gas through electrolysis, using renewable energy sources such as solar, wind, or hydroelectric power. Unlike the conventional method of producing hydrogen from natural gas, green hydrogen is an environmentally friendly and sustainable option with no emission of greenhouse gases during its production and use. As a clean and versatile energy carrier, green hydrogen offers several benefits, making it a vital component in decarbonizing the global economy.

  6. Read more: Is Hydrogen the Solution to Decarbonize Our Societies

More Related