Co-Chair of Energy and Infrastructure and Global Leader of the Renewable Practice Pillsbury Law New York, New York, United States
What is green hydrogen, what are the use cases, and what will the cost be? With the passage of the Inflation Reduction Act and a tax credit of up to $3 a kilogram, this long-developing sector has suddenly become red-hot. Green hydrogen can replace carbon-emitting hydrogen feedstocks; produce electric power by mixing green hydrogen in with natural gas; bolster long-term energy storage for intermittent renewable energy sources; help decarbonize transportation; and replace natural gas as a source of heat. See why the market potential is $60 billion-plus by 2050.