The Hope of Global New Energy: not Necessarily Photovoltaic, But Hydrogen
Not only photovoltaics, but also the lightest and most abundant No. 1 element in the universe-hydrogen, may be the hope of global new energy in the future. The latest research report released by Bank of America Merrill Lynch Haim Israel stated that hydrogen can meet global energy demand, provide fuel for cars, heat homes, and help cope with climate change. It is expected that by 2050, the market share will soar 6 times, resulting in 2.5 Trillion dollars in direct revenue, indirect infrastructure market potential is as high as 11 trillion dollars. Bank of America Merrill Lynch believes that hydrogen technology has existed for decades, but it has not yet reached the critical point of mainstream use. The future integration of economic, technological, and environmental development will change this situation: 1. The cost of electrolyzers and renewable energy used to produce green hydrogen has decreased According to data from Bank of America Merrill Lynch, the cost of electrolyzers and renew...