
Countries Investing on Green Ammonia’s Production to Support Clean Energy Transition
By Shubhendra Anand , 28 August, 2024
Green Ammonia’s Production to Support Clean Energy Transition
Green ammonia is gaining momentum in the energy market of 2024. This is due to the increasing demand for renewables in light of the clean energy transition. Green ammonia tends to be an effective renewable source in the energy market. Hence, research in 2024 is going on about green ammonia's adaptability in a commercial way.
A surge in the demand of renewable sources accelerates the progress of clean energy transition in the market. Countries worldwide are investing in research to support the production of green ammonia. It is due to green ammonia's role in decarbonization. Green ammonia accelerates the decarbonization process in industries where reducing carbon emissions is difficult. Therefore, researchers are developing green ammonia that can be commercially affordable in 2024. Industries where reducing carbon emissions is challenging, such as shipping, manufacturing, and others, are adopting green ammonia as an alternative fuel with great potential. Therefore, the production of green ammonia is necessary for the hard-to-abate industries to check carbon emissions. With the help of green ammonia, these hard-to-abate industries can reduce their emissions level. Hence, it will accelerate the progress of clean energy transition in the upcoming years. Green ammonia is a mixture of green hydrogen and nitrogen from the air. Thus, the process of producing green ammonia makes it environmentally friendly. Experts claim that green ammonia is more valuable and sustainable than brown ammonia.
Countries like Oman, Chile, and Norway are investing in specific green ammonia production projects globally. This renewable element proposes many utilities in the environment that help attain a clean energy transition. This carbon-neutral element's storage capacity tends to be longer. Upon successful production, it can be used in the industrial decarbonization process. Along with that, green ammonia aids carbon capture technology, and at times, when necessary, green ammonia can be converted into hydrogen to fuel turbines. Hence, green ammonia benefits the industrial sector, making it an essential element of the clean energy transition.
Premium from Green Ammonia Compared to Economic Loss from Thermal and Wind Power Generation When Power is Not Transmitted
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