Event Concluded
Enterprise Solutions
Driving Innovation Across Hydrogen Value Chain
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Virtual
Aug 6, 2024
4:30
About Event
Hydrogen is a game-changing fuel with exceptional energy-dense, lightweight, and storable properties. Moreover, its clean-burning properties make it a viable alternative to existing carbon-based fuels across multiple industries. According to IRENA, hydrogen will account for 14% of total final energy consumption by 2050. Further, clean hydrogen is gaining momentum globally, with an increasing number of policies and projects. Although grey hydrogen is predominantly consumed today, green hydrogen is expected to dominate the global supply mix, with a 50 to 65% share by 2050. However, realizing this potential will require addressing the challenges and barriers in the hydrogen value chain. To unlock the value of this promising sustainable energy option 10% of the $150B in mature investments over the next decade will be spent on R&D efforts with a focus on production (65% of H2 R&D spending in 2026). Overall simulation and analysis spending in hydrogen technologies is expected to grow at 25-30% annually by 2026. Simulation can optimize the hydrogen production process to achieve up to a 30% reduction in energy consumption and a 25% increase in overall efficiency. This virtual conference will bring together industry experts representing different parts of the hydrogen value chain to share their outlook on green hydrogen technology trends, strategic initiatives, regulatory policies, development, implementation challenges, and the role of simulation.
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