Eesti Energia, an Estonian state-owned energy company, is planning to boost its use of green hydrogen, produced from renewable energy sources, in the coming years. While hydrogen is expected to play a crucial role in the chemical industry's development, the high cost of green hydrogen is currently a limiting factor.
Eesti Energia aims to leverage the development of renewable energy to make hydrogen production and utilization more affordable. The company is already planning to construct two hydrogen and gas power plants to address peak energy demand. However, the transition to large-scale use of green hydrogen is expected to be delayed until the middle of the next decade due to the current high demand and prices. During this transition period, Eesti Energia plans to use carbon-neutral industrial hydrogen, also known as blue hydrogen, which is produced from fossil fuels with CO2 emissions captured during the process. The company hopes that the prices of green hydrogen will decrease with the growth of renewable energy projects in Estonia. Eesti Energia envisions green hydrogen playing a significant role in the chemical industry and is exploring its use in power generation as well.
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