Forbes Reports Green Hydrogen’s Surge to ‘New Oil’ Status through International Alliances and Invest [Video]

For more hydrogen news: https://www.hydrogenfuelnews.com/featured-news/ A recent Forbes article dubbed green hydrogen as the ‘new oil’ of the 21st century, highlighting its market’s potential to surge from $1 billion to $30 billion by 2030. This growth is driven by falling renewable energy costs and advancements in electrolysis. However, the sector faces challenges. To address these, international collaborations are forming. The United Arab Emirates aims for a 25% share in the hydrogen market by 2030 with Germany’s help, while Japan has pledged $100 million to shift fossil fuel plants to hydrogen operations. Additionally, South Korea plans to invest $40 billion in expanding its hydrogen infrastructure by 2040, illustrating a global push towards green H2.

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