Green hydrogen is no longer a pipe dream and will play a significant role in deep decarbonization worldwide, according to Stefan J. Reichelstein, Professor Emeritus at Stanford University’s Graduate School of Business. In a recent interview, Reichelstein discussed the potential of green hydrogen and why it could be a breakthrough for the energy industry.
Reichelstein believes that green hydrogen is the key to reducing carbon emissions, as it is produced through renewable energy sources such as wind and solar power, which are cleaner and more environmentally friendly than traditional energy sources. Green hydrogen also has a number of benefits, including the ability to store energy and to transport it easily, making it a valuable tool in the fight against climate change.
However, Reichelstein also acknowledges that there are still challenges to be overcome in order to make green hydrogen a reality. The cost of producing green hydrogen is still relatively high, and there is a need for more investment in research and development to make the technology more efficient and cost-effective. Additionally, there is a need for more infrastructure and support from governments and other stakeholders to make green hydrogen a viable option for businesses and consumers.
Despite these challenges, Reichelstein is confident that green hydrogen will become a significant element in deep decarbonization worldwide. He points to the growing demand for clean energy and the increasing awareness of the need for renewable energy as two key factors that will drive the development and implementation of green hydrogen.
In conclusion, green hydrogen has the potential to play a major role in reducing carbon emissions and combating climate change. While there are still challenges to be overcome, the growing demand for clean energy and the increasing awareness of the need for renewable energy mean that green hydrogen is no longer a pipe dream, but a real and tangible solution to the world's energy challenges.