Challenges that surround the renewables sector right from supply chain to high interest rates and rising cost of equipment make the renewable energy expensive.
It is estimated that to protect businesses from rising energy costs, the European government bill for cost involved has increased to nearly 800 billion euros.
Despite the economic challenges which are witnessed throughout the globe, hydrogen production capacity is anticipated to reach 4.5mn tonnes a year by 2023 end.
There are three hydrogen types that the EU has come up with, which are going to be its best step forward towards achieving the targets for renewable energy.
Paris in its endeavour to have nuclear derived hydrogen is looking to get strong support from Germany and Spain but present situation looks to be otherwise.
