Hydrogen may well be the future of clean fuel; in terms of energy storage, it is the number one way to store renewable energy. Using hydrogen produces no harmful emissions making green hydrogen made from renewable energy have a net-zero impact on the environment. Additionally, it is predicted that the price of green hydrogen will fall by half in the US and Europe by 2050 and analysts estimate clean hydrogen could meet 24% of world energy demand by that same year. This is no surprise as world governments are investing heavily into this clean source of energy, with $150 billion is to be invested into clean hydrogen programs in Europe over the next 10 years as part of an initiative started by the European Union in 2020 (https://www.newscientist.com/definition/hydrogen-fuel/).
Residential electricity prices on the other hand are continuously rising, by 2031 they are projected to go up by nearly 17%. Because of this, a company called Alkaline Fuel Cell Power is developing a 4kW hydrogen fuel cell system with plans to make it available for purchase in 2024. These fuel cells developed by Alkaline Fuel Cell Power are tailored for use in the residential market and in smaller commercial applications, due to their small size and inexpensive components. Products comparable to Alkaline Fuel Cell Power that are currently available on the market are simply not sufficient to meet the growing demand for clean energy technologies.
Alkaline Fuel Cell Power’s hydrogen fuel cells take in hydrogen and provide electricity and heat and only a small amount of water as a by-product. They can be used a source of power that is alternative to the electrical grid, replacing it entirely, providing backup during down time, or replacing it during peak usage times. Alkaline Fuel Cell Power’s hydrogen fuel cells require no combustion, are virtually silent, and do not vibrate.
The adoption of hydrogen is currently low, but world governments have big plans for it as a greener energy source. European legislatures and capital providers are becoming more demanding of the energy sphere to integrate clean alternatives, as this has become a growing concern for the region. European governments are determined to make hydrogen a viable greener fuel alternative. Between €180 and €470 billion are estimated to be invested into renewable hydrogen by 2050 and as much as €18 into low-carbon (blue) hydrogen.