Azerbaijan Well Positioned To Develop Low-Carbon Hydrogen Economy, Report Says
(MENAFN- AzerNews) Azerbaijan's country report "Market Study on Low Carbon Hydrogen
Economy" was prepared by the consulting company "Edvisian" with the
support of the European bank for Reconstruction and Development
(EBRD), Azernews reports, citing Azerbaijan renewable energy Agency.
The report presents positive findings that identify the
commercial viability of green hydrogen production and the potential
for its supply to regional energy markets (including the EU), as
well as identifying applications for hydrogen in domestic
consumption. The market assessment provides information on future
steps to introduce hydrogen in Azerbaijan, applications of green
hydrogen in energy and industry within domestic consumption, cost
of hydrogen production (LCOH), export route opportunities, and
other issues.
The report states that Azerbaijan is well positioned to develop
a low-carbon hydrogen economy given its huge renewable energy
potential (onshore and offshore) and direct access to natural gas
reserves. Azerbaijan can compete with other countries in the region
in terms of the cost of green hydrogen production, according to
market research.
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