Prospects for the Use of Hydrogen in the Energy Transition Context

Abstract

The growth of hydrogen as an energy source, being itself a key element of the energy transition, represents all the basic problems of this process. The principle one is the impossibility to evaluate objectively the prospects of separate projects or the new industry as a whole. The national hydrogen strategies recently adopted by several countries, which include various subsidies, tax incentives and direct financing in order to promote the development of the hydrogen power industry, don’t resolve this problem. However, they provide target numbers that give an idea about the scale of changes outlined for the next decade, and enable independent observers to make own conclusions and forecasts about the future of the new industry. In the projected future of the hydrogen power, Russian businesses see mainly an opportunity to scale up the gas export. This position is also shared by the Russian government.