Green incentive plans, technology breakthroughs and rising consumer adoption are giving a massive boost to the energy transition and to our electric future, with the stated goal to get to a carbon-free world in 2050.

Renewable energies, that have reached grid parity, become dominant in new power generation and are expected over coming decades to account for 48% of the power mix and 64% when including hydropower.

But as they are by nature intermittent, energy storage becomes a key element of the power puzzle.

Hydrogen, which offers high energy density and can be 100% clean, is particularly well suited to store energy from renewables. But it’s not only about utility-scale storage, hydrogen can also be used in many applications that are hard to electrify with batteries: long-range transport (buses, trucks, ships…), energy-intensive industries…

Various government initiatives across the world are likely to accelerate adoption of hydrogen and hence put it on a secular growth path. If incentives will be important, potential government restrictions about internal combustion engines in certain regions or diesel generators for large-scale backup power systems will also have a major role to play in hydrogen’s widespread adoption.

Electric Vehicles (EVs) are also a cornerstone of our electric future. Performances of batteries are improving fast thanks to new materials, smart sensors and integrated computing capabilities while new features such as autonomous driving are about to revolutionize the driving experience.

Electric mobility adoption will greatly benefit from these performance leaps and government incentives with EVs’ total cost of ownership expected to stand below that of internal combustion engine vehicles in a near future.


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