Commentary: Singapore is striving to develop a hydrogen economy by 2050 – this is what it will look like
Thanks to the ambitious hydrogen strategy of the European Union, the majority of new hydrogen projects are located in Europe. Other regions are catching up, with more than 75% growth in the number of new projects announced.
Oil-rich Saudi Arabia set to go big with a futuristic $500 billion city built on the Red Sea that will be powered by hydrogen, which will come from a US$5 billion plant on its way to becoming the world’s largest producer of green hydrogen.
Japan has also opened one of the world’s largest green hydrogen production facilities near Fukushima, capable of producing enough hydrogen each day to power around 150 homes for a month.
Clean hydrogen costs are fallingand governments and businesses are mobilizing. Last year, so Australian Prime Minister Scott Morrison has pledged to “produce the cheapest clean hydrogen in the world”, at 2 Australian dollars (1.80 Singapore dollars) per kg. At this price, hydrogen becomes a viable alternative to conventional fuels.
Keeping its promise, an Australian hydrogen technology company has just announced a major breakthrough that can mass-produce hydrogen at less than AU$2 per kg by 2025.
SINGAPORE’S HYDROGEN AMBITIONS
With limited land and renewable resources, how will Singapore produce its own clean hydrogen to meet energy needs and climate goals?
As hydrogen is still a nascent technology, it is still unclear when and where it can be produced on a large scale in a cost-effective manner. Preliminary steps have been outlined in the recently unveiled National Hydrogen Strategy to research and test hydrogen technologies in Singapore, as well as to assess infrastructure needs and partners to facilitate hydrogen trade.