Today, the world's hydrogen demand is almost entirely supplied by fossil fuels, with 6% of global natural gas and 2% of global coal going into hydrogen production.
Consequently, the production of hydrogen is responsible for CO2 emissions of around 830 million tons of carbon dioxide per year.
Hydrogen is important for industrial applications, such as when used as a catalyst in ammonia production, oil refining and methanol production. These three processes make up the majority of uses for hydrogen production today. Using green hydrogen as a component will reduce emissions, making production more sustainable.
Norwegian Hydrogen will produce and deliver green hydrogen, enabling zero emissions from industrial processes using hydrogen.
The process of converting electricity produced from renewable energy into energy carriers such as hydrogen is called Power2X. X being hydrogen in this case. This enables greater flexibility for long-term storage and use of the energy later, at any location.
With Power2X, hydrogen can be produced when the wind is blowing or when the sun is shining and stored for later, enabling a higher amount of renewables to supply the grid.