Digital Handelsblatt Energy Summit 2021
Global energy trends are clearly moving in the direction of hydrogen – and away from fossil fuels. That’s the conclusion that can be drawn from the three-day digital energy summit staged by German business paper Handelsblatt which ran from Jan. 13 to Jan. 15, 2021. The energy sector as a whole faces enormous challenges as it continues along the path of decarbonization. Coal will be exhausted and demand for oil, too, will gradually decline in favor of hydrogen – with green hydrogen a credible prospect in the longer term given its renewable credentials. Natural gas must also become cleaner, though carbon capture and storage, CCS, remains a divisive issue. “Turquoise” hydrogen, meanwhile, can be viewed as a sensible option for applications associated with the production of green steel. No mention was made of yellow hydrogen produced from biogas, and was addressed instead in terms of hydrogen created using nuclear power.