To demonstrate the scale of impact, steel for example, represents 5% of Europe’s CO2 emissions, and the agriculture sector 10% of the EU’s total GHG emissions.
We would like to see solutions where the focus is not only on the ‘molecule’, but on the application.
Why? Well, the reality is, green hydrogen’s full potential will only be realised when it can be deployed at scale in the industries that need it most, which requires deep tech innovation in engineering. And, given that the price increase of green steel or CO2-free fertilizer in end products is around 1%, but has the ability to reduce emissions by 30-40%, viability of cost versus reward is clear.