With a global population that expands to more than 9 billion by 2040 and the world economy growing at a 3.4% average rate, the world energy demands is expected to grow more than 25% to 2040 requiring €2 trillion a year of investment in new energy supply. Nowadays, the increased demand is still being met largely by reserves of fossil fuel that emit greenhouse gases and, moreover, are diminishing and becoming increasingly expensive. Hydrogen has appeared in numerous studies as the only alternative fuel that may simultaneously reduce a country's dependence on foreign oil and significantly reduce greenhouse gases.
This feasibility study defines a feasible roadmap in all technical, commercial and financial aspects to achieve Hydrogreen –our cost-effective green hydrogen project– industrialization. The main activities are: upgrading the preparation of our raw material, optimisation and validation of hydrogen production, setting up our hydrogen purification, storage and distribution systems, and the integration of all the technologies into the demonstrator unit. We estimate an investment of €3.67M with €2.5M as part of SME Instrument phase 2 funds and with a ROI of 7.86 at 10 years.