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Global Information NO.13 2021 / 03

a whopping 15 to 20 more power plants' worth of
electricity at exactly the time when the existing
power plants were struggling to stay online. One of
the options is to reduce energy demand as much
as possible by weatherizing buildings, use the
most efficient technology available to heat homes,
use demand flexibility to spread limited supplies
without shutting power off entirely, and reserve
all available fuels to ensure there is enough
electric generation to heat every home. (Source:
Cleantechnica)

7

Global Hydrogen Projects Accelerating
with $300 billion Proposed Investment
Hydrogen initiatives are accelerating globally,
the Hydrogen Council said on Feb. 17 in a report
coauthored with consultancy McKinsey. There
part of the problem. Nearly 70 percent of Texas are now 228 large-scale projects for a combined
homes were built in 1999 or earlier, meaning $300 billion of proposed investment through to
they have little insulation. Further, the state’s 2030, it said, with $80 billion of this either in
reliance on outdated and inefficient heating has advanced planning, having passed a final investment
grown significantly in the last several decades, decision or under construction or commissioned.
with 35 percent of homes using gas furnaces and Collaboration between governments, investors
60 percent using electric heating, most of those and companies is needed to allow the projects
furnaces or minimum efficiency heat pumps. to proceed. Hydrogen can become a competitive
Therefor, as heating demand spikes in uninsulated low-carbon solution in more than 20 applications
homes and inefficient heaters exacerbate the surge by 2030, including long haul trucking, shipping
in energy demand. In Texas, inefficient heaters in and steel, the Council said, based on total cost of
poorly insulated buildings helped fuel demand for ownership (TCO) assessments. (Source: Spglobal)

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