Climate Rising How Green Hydrogen can Decarbonize Hard-to-Abate Sectors
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Dec 6, 2023 Jacob Susman, CEO and co-founder of Ambient Fuels, discusses how green hydrogen can decarbonize hard-to-abate sectors. He highlights the role of renewable power in green hydrogen production and its potential uses in industries like shipping and fertilizer. The challenges and complexities of using hydrogen as fuel in the trucking industry are also discussed. They share insights on financing in the energy sector and the process of building a successful Devco in the green hydrogen sector.
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Jacob's Renewables Journey
- Jacob Susman got into renewables starting in Spain during deregulation in 1999 and developed wind projects early on.
- He later founded Ambient Fuels to focus on green hydrogen development.
Green Hydrogen's Unique Role
- Green hydrogen offers a solution for about a third of CO2 emissions that can't be abated by electrification.
- It tackles hard-to-abate sectors like refining, fertilizer, shipping, and steel that can't primarily use wind or solar.
Role of Infrastructure Developer
- Infrastructure developers coordinate key project components like land, permits, off-takers, and contracts.
- Securing off-takers with fixed long-term contracts is crucial to de-risk projects and secure financing.