The global population is growing at a rapid rate.
Estimates predict that by 2050, well reach almost ten billion people.
Its no surprise that we need to rapidly expand our use of renewable energy sources.
Whats often unclear are the hurdles we still need to overcome to get there.
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Cost
Many renewable energy solutions remain significantly more expensive.
Are we moving towards a green hydrogen economy?
And indeed, on paper, hydrogen hits all the marks.
Unlike fossil fuels, it happens to be the most abundant element in the universe.
And this is by no means something new.
The idea of building a Hydrogen Economy has been around since the 1970s.
So why havent we taken full advantage of this versatile element?
The problem is:
Does this mean designs for a Green Hydrogen Economy are nothing but a pipe dream?
This means it needs to be extracted and separated from other particles to be used.
This grey hydrogen as its called emits CO2emissions when its made.
Their goal is to scale up the use of hydrogen by lowering the price to just $1/kg.
It can also be shipped and traded overseas.
And with a growing population, the need for energy will only increase.
This is whereFinno Exergy, winner of the New Energy Challenges startup competition, comes in.
With their technology, turbines use 20% less fuel.
Finno Exergys first product will be a small micro turbine unit that can produce electricity and medium pressure steam.
They really challenged our business models and thinking behind it, and helped us create our winning pitch.
And Ijas has plenty of reason to believe their product will be able to reach this next level.
These last six months have been looking quite bright.
A lot of big companies have released their hydrogen strategies.
Do you have a solution thats ready to make an impact in the development of renewables?
