Hydrogen use today is dominated by the materials industry, used for oil refining, methanol production and steel production.
The colourless gas has versatile emerging applications as fuel cells for transport and consumer electronics and a lead option for renewable power generation.
Hydrogen comes in various colour codes to differentiate the way in which it has been produced. ‘Grey’ hydrogen is the most common form, created from natural gas or methane, without any emissions capture during the production process.
‘Green’ hydrogen on the other hand, is made by using clean electricity from surplus renewable energy sources. And when consumed, produces only water.
As Fortescue Metals puts it, “Green hydrogen is going to be the disruptor in the clean energy space and in the near future we believe it will replace the fossil fuels used for various industrial applications as well as in the transportation and mobility sector.”
Want to be seen by over 500,000 ASX investors every month? See Corporate Services