“Developing countries would be the big winners from a hydrogen economy!" Yongping Zhai
The time for grabbing the hydrogen opportunity is now, worldwide!
Be Ready for Hydrogen!
Grab the Opportunity!
The market for hydrogen fuel cell automotive applications is expanding rapidly. The new technology is ready and available to use. Hydrogen and hydrogen fuel cell technology combined with P2G (Powerto-Gas) is the only environmentally friendly full-circle energy system. The hydrogen energy system is currently the only economically and technologically feasible solution for addressing the global challenges associated with increasing CO2 emissions and global warming: air pollution, use of critical mineral resources, recyclability and renewable energy storage. There is currently no other completely green energy system available as a feasible alternative.
The most technologically advanced regions globally (including Japan, South Korea, China, Scandinavia, Germany, France, the UK and California) have understood that there is no other green alternative. They have therefore started investing heavily in hydrogen infrastructure. For example, Germany is constructing more than 400 hydrogen refuelling stations, which will be finished by 2023. China, South Korea, Japan, California have started similar infrastructure programmes. We estimate that there will be more than 2,000 hydrogen refuelling stations in the large metropolitan areas of technologically and economically advanced regions within three years.
The energy transition from fossil fuel to a green hydrogen energy system has started in many of the most technologically advanced nations. The transition has also gained momentum in emerging markets and developing countries, where severe air pollution in cities is often the main driver for clean, emission-free transport vehicles. Commercial growth is expected to accelerate over the next three years, as the automobile industry embraces hydrogen fuel cell technology.
Yongping Zhai, the Asian Development Bank’s Chief of Energy Sector Group (Sustainable Development and Climate Change Department) is among the executives who have publicly recognized the great business opportunities and benefits of hydrogen for emerging countries: “Developing countries would be the big winners from a hydrogen economy”. (Asian Development Bank: https://blogs.adb.org/blog/it-s-clean-powerful-and-available-areyou-ready-hydrogen-energy)
thyssenkrupp - water electrolysis
The hydrogen energy system is currently the only economically and technologically feasible solution for addressing the global challenges associated with increasing CO2 emissions and global warming.
There is currently no other completely green energy system available as a feasible alternative.