Something that will take thirty to forty years to turn from being ambitious and full of intent into realization is hard to relate too. Hydrogen is one of those promised solutions that can potentially allow us to achieve our “net-zero” carbon ambitions that have been “set in stone” (The Paris Agreement) dealing with greenhouse-gas-emissions mitigation, signed in 2016 that we need to achieve by 2050.
Hydrogen is becoming a central pillar for many countries across the world to help achieve their targets to this net-zero by mid-century. Hydrogen holds, it seems, such a promise, but it is nearly all to do. There is so much to validate, prove, and certainly scale to make a real impact on changing the sources of our energy.
The more you investigate Hydrogen, the more you realize the complexity of making it a viable energy source of sufficient scale. One that will really deliver the suggested results that Hydrogen could meet 24% of the worlds final energy demands by 2050. Today it provides around 1%. To change our energy systems reliant on Oil, Gas, Coal, and make these renewables based on Solar, Wind, and Water separation is at a level of magnitude is hard to imagine.
I strongly relate to Smart Cities or Smart Infrastructure as the grouping area dealing with the business dealing with the Edge for final energy transmission or the final beneficiary, the Consumer but I do relate to Urban Development as a “greater” catch-all for thinking a little wider on the potential to engage far more.
There is so much potential in technology currently being invested in our cities and their infrastructures. There are many estimates of this investment, according to the McKinsey Global Institute, they estimated that cities around the world would need to double current infrastructure investments from $10 to $20 trillion annually, to build the necessary physical infrastructure to support growing populations and needs.
The Smart Grid is evolving and will be essential in the next decade to bring the kind of transformation our existing energy grids require. Infrastructures to be fit for purpose must be fully integrated and smart to manage the increasing complexity and needs of electricity in the 21st century.
Smart Grids are part of the Smart Infrastructure approach in our need for complete Urban Transitions currently being undertaken. Let me try to step back here and give some broader understanding of “smart grids”