Hydrogen Uses The following list contains three real-world uses for hydrogen, along with details on their potential for growth, use cases, and supporting evidence. Hydrogen Fuel Cell Vehicles: Automobiles that run on gasoline or diesel can be replaced by fuel cell vehicles (FCVs) fuelled by hydrogen. Vehicle electric motors in fuel cell vehicles (FCVs) are powered by electricity generated from hydrogen. These vehicles are suitable for use in public transportation, private fleets, and business fleets because they emit zero emissions. • Growth Opportunities: A significant contributor to greenhouse gas emissions is the transportation sector. Hydrogen fuel cell vehicles (FCVs) offer a practical means of lowering carbon emissions because they have no exhaust emissions. It is projected that the global market for hydrogen fuel cell vehicles would expand significantly in the next years. • Use Cases: Fuel cells that run on hydrogen (FCVs) generate energy through a chemical reaction, which powers electric motors. These automobiles have faster refueling times and more range between charges than battery-electric vehicles. The Hyundai Nexo and Toyota Mirai are two examples of commercially available hydrogen fuel cell cars, or FCVs. • Statistics: As of 2021, there were over 10,000 hydrogen fuel cell vehicles (FCVs) in operation globally. Japan is setting the standard for FCV adoption, with the US, Korea, and Germany following closely behind. Significant investments in hydrogen infrastructure and vehicle development are also being made by governments and automakers, demonstrating their strong commitment to the growth of hydrogen fuel cell vehicles (FCVs). Hydrogen has several real world uses across various industries. Hydrogen Industrial Applications: Hydrogen is a common constituent in a wide range of industrial operations. Here are a few specific examples: • Ammonia Production: The Haber-Bosch process, which uses hydrogen to combine nitrogen and hydrogen, produces ammonia, which is mostly used in the production of fertilizer. • Refineries: Hydrogen is used in refineries to remove impurities from petroleum-based goods like diesel and gasoline. • Chemical Industry: Hydrogen is essential to the synthesis of methanol, which is a feedstock for many other chemicals and fuels. It is also used to generate other chemicals, like hydrogen peroxide and hydrochloric acid. • Growth Opportunities: Hydrogen is expected to see an increase in demand due to decarbonization efforts because of its numerous industrial applications. To make methanol, ammonia, and other chemicals, for instance, the chemical industry uses hydrogen. In 2030, the global hydrogen market is predicted to grow at a 5-8% annual rate, according to a McKinsey research, and reach $300 billion. • Use Cases: Hydrogen is a necessary starting ingredient for the production of ammonia, which is mostly used to create fertilizers. Moreover, food, electronics, glass, and metal are processed using hydrogen. It is also used in the refining of oil. • Statistics: As of 2021, more than 60% of the hydrogen required worldwide came from the industrial sector. The production of ammonia alone uses almost half of the hydrogen that is accessible globally. Hydrogen - Renewable Energy Storage: Hydrogen is used to store excess renewable energy generation. The process involves converting surplus electricity from renewable energy sources, such as solar or wind power, into hydrogen via electrolysis. The produced hydrogen can be stored and utilized at a later time for a number of uses. • Power Generation: Hydrogen can be utilized in turbines or converted back into power using fuel cells in times when the output of renewable energy is restricted. • Heating: Hydrogen can be used as a fuel for both residential and commercial heating. • Transportation: Fuel that runs on hydrogen can be used to power hydrogen-powered vehicles, including buses, trucks, trains, and cars. • Growth Opportunities: Because renewable energy sources like solar and wind power are intermittent, the grid needs efficient energy storage options. Hydrogen can be used as an energy storage medium to store and consume a lot of renewable energy. According to a report released by Global Market Insights, the global market for green hydrogen is projected to develop at a compound annual growth rate (CAGR) of over 30% in 2021. • Use Cases: Hydrogen can be manufactured via electrolysis from excess electricity generated by renewable sources. The produced hydrogen can be stored and used as fuel for heating, electricity generation, or transportation when the output of renewable energy is low. Decarbonization helps many industries and results in a more sustainable energy system. • Statistics: As of 2021, more than 500 MW of power-to-hydrogen projects had been installed worldwide, with a significant portion of those projects being used for storage of renewable energy. Among the countries that have led the way in putting large-scale power-to-hydrogen projects into action are Germany, Australia, and the Netherlands. Transport, industry, and renewable energy storage are just a few of the uses and expansion opportunities for hydrogen that these images demonstrate. Going forward, the increasing focus on decarbonization and the transition to sustainable energy sources are expected to propel the demand for hydrogen. Read More- https://www.marketsandmarkets.com/industry-practice/hydrogen/real-world-uses-hydrogen
