H2 Grid Now Cost-Effective
The German government has set clear targets for emissions reduction, starting at minus 40 percent by 2020, 55 percent by 2030, 70 percent by 2040, and 80 to 95 percent by 2050 compared to 1990 levels. One option to meet these targets is to increase renewable use to at least 80 percent of total market size (local electricity production and imports minus exports) by 2050. Intermittent renewable sources such as PV, onshore and offshore wind power will be crucial to meet demand due to their huge potential and will dominate any future electricity market. (more…)