Economic analysis of hydrogen energy towards 2050 in China
Hydrogen energy is a major energy source in the industry and an important secondary energy to support green energy transition. Hydrogen is easy to store and has broad application in areas, and it can be converted across different energy networks. Nevertheless, it also faces practical challenges such as technological maturity, lack applicable industries and security issues. With higher penetration of renewable energy and cost reduction of fuel cells in the future, hydrogen energy-based applications will become more competitive. Particularly, hydrogen is expected to be technically feasible and cost-effective in the heavy-duty transportation industry, as well as to be a valuable energy source in a renewable energy dominated power sector.