Agenda 2035
An active player in the energy transition
The transition to a 100% green, energy-fueled world is one of our priorities. It is a long-term goal that we’re committed to achieving. But we are also realistic. Green hydrogen’s financial sustainability will take several decades, so the commitment to change is critical during this transition period. The use of blue hydrogen can help bridge the gap between our current energy systems and a fully green energy future. Capturing up to 98% of emissions with blue hydrogen can make a substantial difference in reducing the environmental impact when compared to conventional fossil fuels.
Blue hydrogen is produced from natural gas, but the carbon emissions generated in the process are captured and stored using carbon capture and storage (CCS) technologies. This approach significantly reduces the carbon footprint compared to traditional natural gas use. It’s an interim solution until green hydrogen becomes more economically viable.
It’s essential to continue investing in research and development to make green hydrogen more economically competitive. This includes advancements in renewable energy technologies, electrolysis processes, and infrastructure development. The combination of green and blue hydrogen, along with other renewable energy sources, will play a vital role in reducing carbon emissions and achieving a more sustainable and environmentally friendly energy future.
At Berkley, we’ve been doing research for more than 5 years in the energy field with the objective of mitigating risks, and we are proud to say that we are one of the biggest investors in green and blue energy in the world. Our partnership with Phoenix One and Sparta II reflects our commitment to the environment and, ultimately, our responsibility to the people.