Hydrogen and Ammonia Investment

Hydrogen and ammonia have important potential roles in a net zero economy as they have no carbon emissions at the point of use. Both fuels are versatile, capable of being produced and used in many ways, including production from renewable sources and applications to decarbonise challenging areas, such as heavy transport, industry, and heat, as well as the storage and transport of energy. They are already widely used in industry and agriculture, but their current production carries a high greenhouse gas footprint. Significant greenhouse gas emission reductions could be achieved through decarbonisation of production for both existing and new applications. However, both fuels currently face challenges that require technological advances, including in their generation, storage and use, particularly the costs involved in achieving net zero life cycle emissions. Further research, development, demonstration, and deployment are required to identify the areas where hydrogen and ammonia can make a critical difference in practice.