Decarbonization and the growing demand for hydrogen
The United States government has committed to reducing greenhouse gas emissions by 50% in 2030 (White House Fact Sheet, 2021), an aggressive target which will require developing new energy sources, including hydrogen.
Hydrogen is produced by splitting water into hydrogen and oxygen. Present-day hydrogen applications include fuel for material handling equipment (forklifts) and data center backup power generators. Wider adoption of hydrogen as fuel is projected over the next decade and beyond by other market sectors, including transportation, power generation, and industrial production. A recent study by the Fuel Cell and Hydrogen Energy Association (FCHEA) projects a U.S. annual hydrogen demand of 17M metric tons by 2030 rising to 63M metric tons by 2050 (FCHEA, 2022).