Switching to a hydrogen economy in Ireland could end the country's reliance on imported power, a new report states.
The research carried out by Paul McCormack, CEO of Hydrogen Ireland, is being published at the organisation's annual conference.
At the moment, Ireland imports a large majority of its energy - more than 80% in 2022.
The National Hydrogen Strategy, published last year, outlined the aim to scale up the production of green hydrogen, producing 2 GW of hydrogen from offshore renewable energy by 2035, with a target of at least 37 GW of offshore renewable energy by 2050.
Today’s research acknowledges that transitioning to a successful hydrogen economy would represent a 'monumental shift’ in our current global energy landscape.
However, Mr McCormack, its author, said there are many reasons why it would be worth the effort.
"Firstly, green hydrogen is clean and renewable and can be produced from a variety of sources, including renewables such as wind and solar power, further reducing its carbon footprint," he explained.
"Secondly, its high energy density makes it an efficient and compact fuel source, particularly for applications where weight and space are critical, such as transportation. Furthermore, hydrogen can be stored and transported easily, allowing for greater flexibility in its use.
Thirdly, Mr McCormack said the use of hydrogen in energy systems can contribute to energy security and independence.
"With the challenges of the climate crisis, energy costs, energy security and rising concerns over geopolitical tensions, diversifying our energy sources is crucial.
"Hydrogen offers a viable alternative that can be produced domestically, reducing reliance on foreign oil and gas, and offering Ireland the vision of a future with energy autonomy," he added.
Today’s Hydrogen Ireland conference is focused on the theme of Navigating Challenges and Seizing Opportunities.
Speakers include senior representatives from the Departments of Enterprise Trade and Employment, Environment Climate and Communications and Northern Ireland’s Department for the Economy.
Industry speakers include representatives from Gas Networks Ireland, ESB, Indaver, Lagan Technologies, HyEnergy and Bord na Móna.
