- The WEF projects that if all current low-carbon hydrogen projects being planned are brought online, by 2030, low-carbon capacity could reach 16-24 Mt. annually, with green hydrogen accounting for 9-14 Mt. and blue hydrogen accounting for between 7 and 10 Mt.
- VENG recognizes the challenges present in the green hydrogen space and, through its hydrogen production-via-electrolysis, is looking to offer a more viable and approachable energy solution that addresses the issues at hand
- The company has plans underway to secure multiple locations in Europe for the planning, development, construction, and future operations of clean hydrogen production facilities
- The glaring low supply of green hydrogen, coupled with the high current and anticipated future demand for the product, presents a vast opportunity for VENG, even as it looks to scale up its operations and position itself as a leader in the renewable energy space
In 2021, demand for hydrogen reached 94 million tons, up from a pre-pandemic total of 91 MT in 2019, according to the International Energy Agency (“IEA”). This demand represented about 2.5% of global final energy consumption, yet, the production of low-emissions hydrogen only accounted for less than 1 Mt. The World Economic Forum (“WEF”) projects that if all current low-carbon hydrogen projects being planned are brought online by 2030, low-carbon capacity could reach 16-24 Mt. annually, with green hydrogen accounting for 9-14 Mt and blue hydrogen accounting for between 7 and 10 Mt. (https://ibn.fm/Cy29H).
However, WEF notes that the sector is marred by its fair share of challenges, including but not limited to uncertainties about future hydrogen demand, inconsistent regulatory frameworks, and a lack of available infrastructure. Vision Energy (OTCQB: VENG), a forward-looking energy company developing…
NOTE TO INVESTORS: The latest news and updates relating to VENG are available in the company’s newsroom at https://ibn.fm/VENG
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