Hydrogen Powering Our Future: Would You Bet On It?

The Interchange is back! As we near the end of January, the focus in the energy world is on viable alternatives to fossil fuels. Hydrogen has dominated the conversation in recent months, touted as the ‘silver bullet’ for tackling the climate crisis. But is that the case, or is it just hype?    In 2021, hydrogen production that was ‘green’ (produced from renewables) was at 1%. In 2022, that number has barely increased. Most of our current hydrogen production is from fossil fuels and used to produce other chemicals such as ammonia. All the focus in the industry, and the media, is on the green and the blue. These yield 11 million Google results, against 95,000 for grey and 49,000 for brown. Great news – we must be currently produced green hydrogen in the majority. Wrong. Only 0.04% of hydrogen produced is green. 96% is grey, or brown, produced for use in oil refineries and for manufacturing ammonia.    On the Interchange this week, we are joined by Luke Johnson, Managing Director and Founder of H2 Green. They’re a UK based company aiming to build green hydrogen production hubs across Europe, to produce and deliver hydrogen where needed. Luke is a serial entrepreneur with experience in energy and technology, across Australian, US, German and UK markets. Wood Mackenzie’s Melany Vargas also joins the show - she’s the Head of Hydrogen Consulting at Wood Mackenzie, and brings experience across the global energy value chain.    Together they look at the agenda of governments worldwide to turn this ship around. Do plans even exist to do so? Is the focus on green hydrogen production a distraction from the true industry practices? Can we rely on hydrogen as a viable alternative source of energy and can it be produced sustainably? At the moment, it’s not looking good.    Follow the Interchange: Recharged @InterchangeShow and subscribe so you don’t miss an episode.   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Om Podcasten

Clean tech, green finance and energy innovation are the three lanes on the road to a successful global energy transition. At the intersection of these lanes is a place where ideas on finance, technology and policy are shared and debated. That intersection is Interchange Recharged.  Sylvia Leyva Martinez, principal analyst at Wood Mackenzie, invites visionaries, entrepreneurs, policy-makers and energy analysts to explore the newest developments in renewable technology, explain the ideas on global energy policy that could accelerate the energy transition, and identify new funding and financial models that could solve the biggest challenges we face on the way to net zero.  Sylvia and her guests bring you data and forecasts on clean technology, climate science, and offer predictions on the build out of utility-scale projects and the future of green finance. What impacts do the annual UN Conference of the Parties have on decarbonisation goals and climate change? What will COP30 bring? What’s happening in global EV adoption and development? What’s the forecast for solar energy, one of the major success stories of renewable energy in the last ten years? What does the data tell us about the future of hydrogen, of nuclear, or of low-carbon power?  These are examples of the insights and detailed analyses you can expect bi-weekly on Tuesdays at 7am ET.  If you like The Energy Transition Show, Catalyst with Shayle Kann, The Big Switch from Columbia University, Open Circuit with Stephen Lacey or The Green Blueprint, you’ll enjoy Interchange Recharged.  Want to get involved with the show? Reach out to podcasts@woodmac.com to: Bring Sylvia and Interchange Recharged to your event Be a guest on the show  Sponsor an episode Ask a question to Sylvia or one of our guests  Check out another leading clean tech global podcast by Wood Mackenzie, Energy Gang, at woodmac.com/podcasts/the-energy-gang Wood Mackenzie is the leading global data and analytics solutions provider for renewables, energy and natural resources. Learn more about Wood Mackenzie on the official website: https://www.woodmac.com/