Mitsubishi Hitachi Power Systems is making a bet on Hydrogen power by getting gas power turbines which will be converted to hydrogen. Mitsubishi believes in making century long bets. This means that although they don’t believe Hydrogen will be cheaper right now, they believe that it will be much cheaper in the future. This makes a smart business choice as well as making them a leader in creating a more environmentally friendly world. The challenge will be getting others to adopt as well.
Key Takeaways:
- Companies that invest early in Hydrogen will likely not see the financial benefits now but will make up for it in the future.
- The Intermountain Power Agency hired Mitsubishi Hitachi Power Systems to provide gas turbines that will later be turned into Hydrogen.
- These Hydrogen turbines will not produce any emissions and thus are much better for the environment. Companies and consumers will have to put concentrated effort into believing in this technology.
“States and corporations have a strong desire to reduce our impact on the environment and reduce overall carbon emissions.”
Read more: https://www.environmentalleader.com/2020/05/mhps-renewable-hydrogen-qa/