In the near future, clean hydrogen, or hydrogen produced with very low or zero carbon emissions, could be one of the most viable replacements for fossil fuels. By 2050, it could cut 7 gigatons of carbon dioxide (CO2) annually, about 20% of human-generated CO2 emissions.
Global investment in the low-carbon energy transition totaled $1.1 trillion in 2022 – a new record and a huge acceleration from 2021 – as the energy crisis and policy action drove faster deployment of clean energy technologies, according to a new report from BloombergNEF.
Perhaps the biggest challenge along Southern California Edison’s path to a clean energy future is making sure the electric grid is ready to handle the rapid electrification of transportation, buildings and other sectors of the economy.
Green hydrogen, or hydrogen generated by renewable energy, is fast becoming a strategic commodity for regions such as the European Union (EU) and Latin America as they transform into carbon-neutral economies.
A solution for decarbonizing internal combustion engine vehicles and fuel cell electric vehicles, sustainable fuels like biofuels, renewable diesel, and hydrogen will work alongside electric vehicles to meet the diverse needs of the transportation sector.