FAST FIVE: A Look At Europe's Ambitious $140 Billion Hydrogen Plan
Hydrogen is extremely promising as it is applicable throughout the energy value chain.
Although production through electrolysis is preferred for sustainable purposes, steam methane reforming is used much more often due to low costs.
Also, domestic hydrogen production provides an economic stimulus to local energy conglomerates such as Siemens which has made electrolysis-related technologies a top priority.
Further along the road, however, electrolysis capacity needs to be expanded to produce 'green' hydrogen.
In the Netherlands, also, government officials are waking up to the opportunity as businesses have lobbied intensively. Furthermore, the EC announced it will launch a Clean Hydrogen Alliance that would strengthen and extend supply chains in Europe.