The CEO Who Wants Italy to Love Hydrogen Power
- Snam chief says company to inject more hydrogen into system
- Market could be worth $2.5 trillion if industry embraces gas
A hydrogen fuel tank.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
Hydrogen could supply a quarter of Italy’s energy demand by the middle of the century as part of an effort to green the economy, the chief executive at the country’s natural gas pipeline operator said.
The estimate developed by Snam SpA and the consulting firm McKinsey & Co. adds to momentum to develop the world’s most abundant element as an alternative for natural gas and other fossil fuels. Unlike wind and solar power, hydrogen is easily stored and can generate the intense heat needed by industrial processes including manufacturing steel and cement.