Page 26 - Baker Hughes REPORT - OCTOBER 2023

10/9/23, 6:07 PM Paris-based fund Hy24 aims to invest in Mena hydrogen equipment-makers
Despite hydrogen’s growing popularity as a potential solution in hard-to-abate sectors such as steel
manufacturing and shipping, critics have cast doubt over the feasibility of the energy source given high costs and
the absence of a proper market for the commodity.

“If you're serious about climate, you have no choice [but] to shift grey to green hydrogen for the existing demand,”
Mr Franc said.
“The only question is, what are the regulatory or the voluntary driving forces that move those customers to accept
to shift? And the delta cost is not so huge because part of it is going to be paid by … policymakers,” he said.

World’s first piloted flight of liquid hydrogen-powered electric aircraft
World’s first piloted flight of liquid hydrogen-powered electric aircraft

Updated: October 05, 2023, 7:30 AM

ENERGY HYDROGEN MIDDLE EAST

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