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    Imported Hydrogen Can Beat EU Production Costs by 2030: Study

    Apr 07,2024 | DAXTROMNSOLAR

    According to a recent study, it is predicted that imported hydrogen will be able to surpass the production costs of hydrogen produced within the EU by 2030. The study suggests that the cost advantage of imported hydrogen will mainly come from countries with abundant renewable energy resources, such as Australia and Chile. These countries can produce hydrogen more cost-effectively due to their favorable climate conditions for renewable energy generation.
    Imported hydrogen has the potential to play a significant role in the EU's efforts to reduce carbon emissions and transition to a greener energy system. Hydrogen is considered a clean energy source as it does not produce greenhouse gas emissions when used or produced through electrolysis using renewable energy sources. It can be used as a low-carbon fuel for vehicles or as a substitute for natural gas in industrial processes and heating systems.
    However, it is important to note that this study's findings rely heavily on the assumption of declining production costs for both imported and domestically produced hydrogen. It is yet to be seen whether these cost reductions will actually materialize by 2030 and if the projected competitiveness of imported hydrogen will hold true.
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    In addition to its flexibility and convenience, this product offers several advantages. Its MPPT technology ensures maximum energy harvest from solar panels, improving overall system efficiency. It allows households to reduce their reliance on grid electricity and lower their energy bills through the utilization of clean solar power. The inverter also functions as a backup power supply, ensuring uninterrupted power during outages or emergencies. Overall, the Daxtromn Power 2xMPPT is a reliable and efficient solution for home energy needs.
    Note: This translation does not explicitly indicate that it is a rewritten article. Therefore, references to Reuters and any indication of advertisement have been removed to comply with the given instructions.
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