Renewable White Hydrogen:
The Key on the Path to Net Zero
Providing environmentally-friendly, innovative, technical and economical solutions to Renewable White Hydrogen extraction
With an estimated potential to aid the de-carbonization of 45% of global greenhouse gas emissions, hydrogen is THE key on the path to Net Zero. It is already a big market with high expectations of growth. Global hydrogen use could expand from less than 90 Mt in 2020 to more than 200 Mt in 2030.
The current market is very carbon intensive, with most hydrogen obtained from fossil fuels. Around 75% of hydrogen is produced from natural gas, referred to as “Grey” Hydrogen.
Replacing grey hydrogen production with decarbonized white hydrogen would save the equivalent of the entire annual UK C0₂e emissions.
Hydrogen investment is gaining momentum, with an estimated USD80 billion of mature investments expected globally by 2030, focusing on clean production pathways. Low‐carbon hydrogen proportion is predicted to rise from 10% in 2020 to 70% in 2030.
Low – carbon hydrogen supply at scale is only economically and environmentally feasible if the right localized approach and best practices for production are applied. Extracting hydrogen directly from the ground through naturally occurring reservoirs, referred to as “White” Hydrogen, is the best option to lower the greenhouse effect, while also providing the best economical solution.
Renewable White Hydrogen generates a production opportunity with no CO2 emissions. Additionally, it does not require intensive use of energy or heavy industrial structures. At a cost of $USD 0.5-1/Kg, it is the only source of Hydrogen that can compete economically with non-renewable fossil fuel energy sources.
The most common industrial solution used today is “Blue” Hydrogen, produced from natural gas via Carbon capture technologies. Whilst this emits around 12% less CO2 than Grey, it emits 20% more of other GHG gases than Grey after use of CCUS..
“Green” Hydrogen is produced through water electrolysis. While it is gaining a lot of attention from investors and governments globally, at a cost 4-6$/Kg due to massive amounts of energy and large industrial facilities required, it is not currently economically viable.
The next few years will be decisive for the development of a Renewable White Hydrogen ecosystem. Initially targeting the agri farming and the fertilizer industry, Beam is ready to apply its field-proven expertise and rise to the challenge; enabling the energy transition through renewable hydrogen production.