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Hydrogen becomes the focus of the energy revolution

by admin / Sunday, 26 September 2021 / Published in Blog

According to the prediction of the International Hydrogen Energy Committee, the world’s authoritative organization of hydrogen energy, hydrogen energy will account for 18% of global energy demand by 2050, and the market size will reach 2.5 trillion US dollars. Li Ting, managing director of the Rocky Mountain Institute, stated at the “2021 Zero Carbon Mission International Climate Summit” that “the current national new energy vehicle ownership exceeds 6 million, and the market penetration rate is 2.1%.” As the theory of Traditional economics, when the penetration rate and ownership of new technologies and new formats in the industry reaches 3%, it means that the industry’s capital will be withdrawn from tradition and invested in new technologies and new formats.
Yu Zhuoping, a professor at Tongji University and director of the National Smart New Energy Vehicle Collaborative Innovation Center, said: At present, renewable energy power generation such as wind power and photovoltaic cannot be integrated into the grid because the grid power cannot be stored,so that cannot be used for stable power output. Therefore, the development of renewable energy in the future has begun to focus on hydrogen energy. If hydrogen is used as an intermediate medium, electricity can be stored through hydrogen production.

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