Reported about 1 month ago
A report by Global Energy Monitor highlights that gas turbine manufacturers may be taking significant risks by investing heavily in hydrogen technology for energy production. Concerns arise regarding hydrogen's suitability for decarbonization, coupled with inadequate supply, pipeline infrastructure, and storage capacity. Major players in the market, such as GE Vernova and Siemens Energy, are focusing on flexible power generation that incorporates hydrogen, with Asia leading in capacity construction. However, experts warn that manufacturers might be misjudging the market, potentially leading to poor investment decisions.
Source: YAHOO