Why Is Usage of Hydrogen Storage Systems Dependent on Robust R&D?
Despite being the most-abundant element on earth, hydrogen is close to being utilized to its complete potential. It has perhaps found the widest use as rocket fuel, along with liquid oxygen; its usage in other applications remains limited. The major reason behind this is the high cost associated with extracting the gas from the atmosphere or hydrogen-based compounds, storing it, and transporting it. One of the simplest ways of producing it is reacting steam and methane; while steam takes almost nothing to produce, methane is expensive. Similarly, the expenditure in H2 production via electrolysis is governed by electricity prices, which keep on increasing. However, seeing the negative environmental impact of burning crude oil, natural gas, and coal to produce electricity and power vehicles, the focus on cleaner fuels is rising. The efforts to clean the environmental have especially picked pace since the signing of the Paris Agreement in 2016, which has spawned extensive research and dev...