International Research Journal of Education and Technology

The transition towards a sustainable and low-carbon economy necessitates the pivotal role of hydrogen as a versatile energy carrier. This paper explores the economic advancements in hydrogen production, storage, and utilization, emphasizing the integration of secondary data to analyze current trends and future prospects. By examining various production methods, including electrolysis and steam methane reforming, and evaluating storage solutions such as compressed gas and liquid hydrogen, the study highlights the cost dynamics and technological innovations driving the hydrogen economy. Furthermore, the utilization of hydrogen across sectors like transportation, industrial processes, and power generation is assessed to understand its economic viability and potential impact on reducing greenhouse gas emissions. The findings suggest that economies of scale, technological advancements, and supportive policies are crucial for making hydrogen a competitive and sustainable energy solution. This paper provides insights into the economic factors influencing the hydrogen landscape and offers recommendations for stakeholders to foster a robust hydrogen economy.

Keywords: Hydrogen economy, production methods, storage solutions, utilization sectors, economic analysis, sustainable energy, technological advancements, greenhouse gas reduction