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For Professional Clients and, in Switzerland, for Qualified Investors only. In Israel for Sophisticated Investors only.
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IDEAS AND KNOWLEDGE TO INSPIRE YOUR INVESTMENTS THINKING
26 May 2022

The rise of hydrogen

In the renewable energy space, solar, wind and tidal often take the limelight, overshadowing another fuel with a long history. Hydrogen, the lightest and most abundant element in the universe, was identified as a discrete substance in 1766 by scientist Henry Cavendish and given the name ‘hydrogen’ by Antoine Lavoisier in 1783. The first hydrogen fuel cell, in which oxygen reacts with hydrogen to produce energy and water, dates back to 1838.

 

Hydrogen offers a number of potential benefits in the energy market. It supports the transition towards lower-carbon sources of energy from natural gas; it can be used as a store of renewable energy; and it can be generated using renewable energy by electrolysis. Another benefit, particularly pertinent at this time of conflict in Ukraine, is that hydrogen trade flows are unlikely to become ‘weaponised’ or ‘cartelised’. Hydrogen can be produced from many energy sources across a wide variety of locations worldwide, so the trade in hydrogen is unlikely to lend itself as easily to geopolitical influence as has been the case with oil and gas.

 

Ashley-Jane Kyle, investment manager, Walter Scott.

 

Doc ID: 988802

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Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA), BNY Mellon Fund Managers Limited (BNYMFM), BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA, BNY MFML or the BNY Mellon funds.

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