Russia looks to become leader in hydrogen technology

  • Russia looks to become leader in hydrogen technology

    Posted by Unknown Member on 2 January 2021 at 9:55 pm

    Russia’s vast natural gas reserves and renewables potential could make it one of the world’s largest hydrogen producers within the next decades.

    Russia’s mineral and energy wealth has given it a second chance in global affairs after the Cold War and the implosion of the Soviet Union. Oil and gas exports have provided the necessary income to rebuild the country and exert influence abroad.

    The energy transition is the ‘Sword of Damocles’ hanging over the Russian fossil fuel industry. Moscow, therefore, is trying to find a new purpose for its energy industry by early investments in hydrogen technologies.

    Russia’s energy ministry is working on a hydrogen strategy in cooperation with foreign partners in Japan and Germany. The tools for this transformation are the country’s energy titans Rosatom, Novatek, and Gazprom. Each of these companies, with the support of Moscow, is looking into different technologies to produce and export the hydrogen.

    According to deputy prime minister Alexander Novak, “experts say that hydrogen may constitute 7 to 25 percent of the global energy balance by 2050, as soon as the issues of high production costs and the challenges related to transportation are resolved.”

    To develop a hydrogen sector, Russia intends to use the assets it already possesses such as the world’s largest natural gas reserves, strong nuclear know-how, and high-class energy research facilities.

    Unknown Member replied 3 years, 6 months ago 1 Member · 0 Replies
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