Cheap Wind Energy Could Boost Green Hydrogen, According to Morgan Stanley
July 20, 2020
According to Morgan Stanley, the falling cost of wind energy is paving the way for the development of green hydrogen.
Green hydrogen is a fuel made by electrolyzing water. Wind farms generally generate more electricity than demanded at a particular point in time. This is where green hydrogen production can play a crucial role. Namely, siting hydrogen production facilities at wind farms can lower congestions problems with the energy grid. Moreover, using wind energy for green hydrogen production can cut costs of electricity production.
Image: Jasper Haar/ Flickr
Green hydrogen can be used to power everything from cars to power generation plants to industrial facilities. Unlike conventional hydrogen, which is usually made from natural gas and adds to CO2 emission, green hydrogen is a zero-emission technology.