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Green hydrogen will help the global economy achieve its sustainability goals and tackle the issue of climate change with a new sense of hope. It is poised to offer:

– Long-lasting energy solutions
– A cheaper and safer alternative to fossil fuels
– The opportunity for heavily carbonized industries to finally go green.

Cranmore Partners has been at the forefront of green hydrogen commercial and financial structuring.

To learn more about the benefits of green hydrogen, we are pleased to introduce this article, written by Founder and Managing Partner of Cranmore Partners, Yusuf Macun for Arabian Business. He speaks about what exactly green hydrogen is, how it works, and how collaborations like the MENA Hydrogen Alliance and HyDeal Ambition are creating a more sustainable future.

Green hydrogen can fuel the region’s future

As the GCC countries continue their ambitious plans to diversify their economies away from oil and gas, the region shows a growing interest in the development and potential of the emerging green hydrogen sector.

Fully leveraging green hydrogen to power the economy sustainably would give the region a competitive edge, in a world where reduced CO2 emissions are becoming a requirement as well as a condition to survival.

Unlocking green hydrogen’s decarbonising potential

As an energy vector, green hydrogen has the potential to decarbonise entire swathes of the industry, including hard to decarbonise sectors that require high energy density fuel or industrial scale heat, such as refining, steel, and heavy transportation. However, cost and transport are the fundamental factors that are likely to determine the wide-scale adoption of green hydrogen, at a time where government budgets will be focused on recovery in the aftermath of Covid-19.

The levelised cost of green hydrogen (LCOH) includes the cost of renewable electricity, water and electrolysis, in addition to, where applicable, storage, and transportation. As the industry begins to gain ground, production should first occur near consumption centres to keep transportation investment requirements and costs manageable. Consumers may also face expenditure associated with the technology conversions required to switch from other fuels to hydrogen.

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