There's a buzz about green hydrogen. But pink, produced using nuclear, may have a huge role to play too
Publishing timestamp: 2023-02-03 06:06:00
Summary
There is a lot of buzz about hydrogen and its potential role in a low-carbon future, but the vast majority of its production is still based on fossil fuels. Different colors are being used to classify different methods of production, such as green hydrogen (produced using renewables and electrolysis) and blue hydrogen (produced using natural gas and carbon capture utilization and storage). Pink hydrogen is also being explored, which uses nuclear energy to split water into oxygen and hydrogen. Companies such as EDF Energy and UK National Nuclear Laboratory are exploring the potential of hydrogen production, but there is debate about the role of nuclear power and the usefulness of the color classification system.
Sentiment: NEUTRAL
Tickers: EDF-FR, NG.-GB, TSLA,
Keywords: tesla inc, climate, alternative and sustainable energy, environment, national grid plc, carbon capture, business news, renewable energy, france, eu, elon musk, european commission, electricite de france sa, ursula von der leyen, business, sheffield, energy, nuclear power plant,