Replies to post #54277 on FuelCell Energy Inc (FCEL)

[WMsince2008]

E.ON said the experience of disrupted gas supplies from Russia and climate concerns have prompted Germany to accelerate its shift towards renewable energy.

"Plans for hydrogen generation capacity planned by 2030 has increased to 8.1 gigawatts (GW) in February 2023, compared with 5.6 GW in July (2022)," E.ON said.

"This makes the government's goal of achieving an installed capacity of 10 GW by 2030 seem more achievable."

[WMsince2008]

In addition to the existing cost hurdles, widespread hydrogen usage will require a substantial investment in infrastructure to safely transport and store the volatile gas and provide convenient refueling options in addition to scaling up production. For example, there are 1,600 miles of hydrogen pipelines in the US, but over 3 million miles of natural gas pipelines, some of which could be retrofitted to transport hydrogen. Most of the major oil companies including Shell, Exxon, Chevron, and BP are aggressively engaged in research and deployment of commercial-scale green hydrogen production and transportation capabilities.