Hydrogen can be a central pillar for the long-term storage of renewable electricity production and both fossil and renewable production routes for hydrogen will most probably grow in parallel.
Hybrid solutions can be a stepping stone for the integration of electrolysis and renewable solutions into large-scale production.
Hydrogen is essential for a number of industries with the market value estimated to reach as much as $60bn in 2023 according to some sources. It is used in refining, the chemicals industry, metal and glass production, food processing, and the electronics sector.
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