- The WEF projects that if all current low-carbon hydrogen projects being planned are brought online, by 2030, low-carbon capacity could reach 16-24 Mt. annually, with green hydrogen accounting for 9-14 Mt. and blue hydrogen accounting for between 7 and 10 Mt.
- VENG recognizes the challenges present in the green hydrogen space and, through its hydrogen production-via-electrolysis, is looking to offer a more viable and approachable energy solution that addresses the issues at hand
- The company has plans underway to secure multiple locations in Europe for the planning, development, construction, and future operations of clean hydrogen production facilities
- The glaring low supply of green hydrogen, coupled with the high current and anticipated future demand for the product, presents a vast opportunity for VENG, even as it looks to scale up its operations and position itself as a leader in the renewable energy space
In 2021, demand for hydrogen reached 94 million tons, up from a pre-pandemic total of 91 MT in 2019, according to the International Energy Agency (“IEA”). This demand represented about 2.5% of global final energy consumption, yet, the production of low-emissions hydrogen only accounted for less than 1 Mt. The World Economic Forum (“WEF”) projects that if all current low-carbon hydrogen projects being planned are brought online by 2030, low-carbon capacity could reach 16-24 Mt. annually, with green hydrogen accounting for 9-14 Mt and blue hydrogen accounting for between 7 and 10 Mt. (https://ibn.fm/Cy29H).
However, WEF notes that the sector is marred by its fair share of challenges, including but not limited to uncertainties about future hydrogen demand, inconsistent regulatory frameworks, and a lack of available infrastructure. Vision Energy (OTCQB: VENG), a forward-looking energy company developing carbon-reduced solutions for the commercial, industrial, and transportation sectors, recognizes these challenges, and through its hydrogen production-via-electrolysis, it is looking to offer a more viable and approachable energy solution that addresses the issues at hand.
VENG has plans to secure multiple locations in Europe for the planning, development, construction, and future operations of clean hydrogen production facilities. This is in readiness for the anticipated demand in the region, with the IEA noting that North-Western Europe is well placed to lead hydrogen adoption as a clean energy source, comprising approximately 5% of global hydrogen demand and 60% of European demand.
It is further estimated that by 2030, the global green hydrogen market will have posted a CAGR of 60% over the forecast period (2022-2030). This will represent an increase from $450 million in 2021 to $119.5 billion by 2030, mainly fueled by the growing measures toward decarbonization, government plans, and investments facilitating the hydrogen economy (https://ibn.fm/vrfrF). Furthermore, with the product proving useful in decarbonizing hard-to-electrify heavy transport sectors such as railways, shipping, and buses, VENG sees a significant untapped market that it could capitalize on to grow its market share, brand recognition and overall market value.
With the glaring low supply of green hydrogen and the high current and anticipated future demand for the product, VENG is looking at this as an opportunity to scale up its operations and position itself as a leader in the renewable energy space. In addition, it plays an integral role in meeting the 2050 net zero emissions goals, with hydrogen and hydrogen-based fuels projected to offset up to 60 gigatons of CO2 emissions by mid-century. Development of this sector will further complement VENG’s growing list of product and service offerings, even as it fosters long-term strategic joint ventures and operating partnerships to support underlying project development, economics, and scalability within its space.
For more information, visit the company’s website at www.VisionEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to VENG are available in the company’s newsroom at https://ibn.fm/VENG
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment