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January 23, 2025

Working Paper #14  ·  Alternative Energy Sources

The Hydrogen Bet

Energy Storage of the Future or Pie in the Sky?

Published January 23, 2025 by Andy Hira, Tewodros W Mekonnen, Yui Fujiki, Leticia Yeboah, and Andrew S. Wright

Overview

There's a growing interest in hydrogen fuel cells as an alternative to battery storage for unstable renewable energy sources. We take a critical look at that enthusiasm, examining fossil fuel's foothold in hydrogen production, the technical challenges of storage and transport, and hydrogen vehicles' struggle to compete with EVs. While the hype seems overstated, it's not baseless. We see a real case for continued investment, particularly where production relies on green energy sources.

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