{"id":77507,"date":"2023-05-17T23:12:09","date_gmt":"2023-05-17T23:12:09","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/17\/green-hydrogen-spells-the-end-of-region-specific-energy-dominance-and-the-nuclear-fusion-market-is-set-to-cost-usd-tns\/"},"modified":"2023-05-17T23:12:09","modified_gmt":"2023-05-17T23:12:09","slug":"green-hydrogen-spells-the-end-of-region-specific-energy-dominance-and-the-nuclear-fusion-market-is-set-to-cost-usd-tns","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/17\/green-hydrogen-spells-the-end-of-region-specific-energy-dominance-and-the-nuclear-fusion-market-is-set-to-cost-usd-tns\/","title":{"rendered":"Green hydrogen spells the end of region-specific energy dominance and the nuclear fusion market is set to cost USD tns"},"content":{"rendered":"

<\/a> Don\u2019t expect anyone to be the Saudi Arabia of green hydrogen:<\/strong> The ability to make hydrogen almost anywhere in the world will likely frustrate the aspirations of some nations to become the \u201cSaudi Arabia of the green hydrogen era,\u201d Bloomberg<\/a> writes. The abundance of hydrogen\u2019s raw materials globally makes shipping them over long distances unnecessary, as opposed to high-quality reserves of iron ore and crude oil, which are scarce. Hydrogen products can be manufactured nearly anywhere in the world, meaning they are usually consumed close to where they are produced. \u201cMany countries may aspire to become the Saudi Arabia of the green hydrogen era. None will achieve that dream,\u201d Bloomberg writes.<\/p>\n

Companies need USD 7 bn to set up first nuclear fusion plants: <\/strong>Energy companies looking to set up nuclear fusion power plants will need to shell out around USD 7 bn to realize their targets, according to a new Fusion Industry Association report (pdf)<\/a>. Companies and state-sponsored labs spent USD 500 mn last year on their nuclear fusion supply chains, and will need to earmark USD 7 bn by the time their fusion facilities kick off operations with an extra potential ticket \u201cUSD tns\u201d for the development of a mature nuclear fusion market, according to the report. The nuclear fusion market is expected to mature between 2035-2050, according to the survey of some 24 nuclear fusion developers.<\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n