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The Hydrogen Rainbow
Hydrogen as a clean energy source:
Hydrogen has the potential to replace fossil fuels in various sectors like transportation, steelmaking, and home heating. Different methods exist to produce hydrogen, with varying environmental impacts: Grey hydrogen: Unsustainable, derived from natural gas with CO2 emissions. Blue hydrogen: Captures CO2 emissions from grey hydrogen production, but still relies on fossil fuels. Green hydrogen: Considered ideal, produced through electrolysis using renewable energy (solar, wind). Currently expensive. Pink hydrogen: Made using nuclear power, raises safety concerns. Gold hydrogen: Newly discovered, naturally occurring hydrogen deposits. Potential benefits and challenges are being explored. Gold hydrogen: Recently discovered in large quantities worldwide including Australia. Extracting and utilizing it requires further research and development. Potential benefits: Low cost and low environmental impact. Leverages existing oil and gas infrastructure and expertise. Could be a stepping stone towards a hydrogen economy. Potential drawbacks: May be overhyped and ultimately limited in quantity. Exploration might lead to accidental fossil fuel discoveries. Difficult to distinguish from oil or gas reserves before extraction. Overall: Gold hydrogen presents an intriguing possibility for clean energy, but its true potential remains uncertain. Further research and responsible development are crucial to assess its viability and ensure it doesn't hinder progress towards a truly sustainable future. Bard's response to: Please list the known deposits of natural Gold Hydrogen world wide
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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