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There's a lot of talk about hydrogen's potential. But transportation costs represent a big challenge - TL;DR CNBC

There's a lot of talk about hydrogen's potential. But transportation costs represent a big challenge

Publishing timestamp: 2023-07-04 04:20:24


Summary

The article discusses the challenges and importance of transporting hydrogen from production sites to users in order to expand the sector. While there is excitement about the potential of hydrogen, there are obstacles such as high production costs and the difficulty of transportation. The article highlights the need for cost reduction and efficient delivery systems for green hydrogen. Partnerships and programs related to the supply and distribution of green hydrogen are starting to take shape, but cost reduction remains a key factor for the industry.


Sentiment: MIXED

Tickers: IBE-ESENR-DE

Keywords: alternative and sustainable energyspainolaf scholzenvironmentbusiness newssiemens energy agclimatebusinessiberdrola saeurenewable energygermanyenergy

Source: https://www.cnbc.com/2023/07/04/green-hydrogen-is-getting-lots-of-buzz-but-costs-are-a-sticking-point.html


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