Hydrogen economy is already here and now and OPEC countries should be worried. The hydrogen technology revolution is driven by advances in catalyst engineering both for electrolysis of water on hydrogen production side and for fuel cells on hydrogen conversion to electricity side. The entire cycle of conversion of electricity to hydrogen and the reverse cycle of hydrogen conversion to electricity still have many engineering issues to address but the technology is here and it is maturing at the fast rate.
The promise of hydrogen economy is huge – it completely excludes carbon from the energy equation. The major prerequisite for hydrogen economy is abundance of electric power from non-carbon sources – wind, solar and nuclear. While regulations, public sentiment and uncertainty mar the future of nuclear technology, the other two sources, wind and solar, are winning the world. Yet the common problem of renewable energy sources is wildly fluctuating production cycle which requires complex balancing act and storage solutions for seamless integration with the grid. That’s where hydrogen technology shines, no other technology offers today the same conversion flexibility and energy density as hydrogen.
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