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Hydrogen energy as a key element of ukraine's energy – efficient economy

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  • Yurii Kravchyk

Abstract

This article analyzes the role of hydrogen energy as a strategic component in shaping Ukraine's energy-efficient economy. It highlights that hydrogen energy is a crucial direction capable of ensuring the country's transition to an energy-efficient economy based on the rational use of natural resources. The article notes that the development of hydrogen energy contributes to diversifying Ukraine's energy balance and implementing innovative technologies in various sectors of the economy, particularly in industry, transport, and the energy sector. It is emphasized that Ukraine has significant potential for integrating hydrogen technologies due to its natural resources and geopolitical position. The production of "green" hydrogen can enhance the country's energy independence and promote its integration into the European energy market. According to estimates from the International Renewable Energy Agency, Ukraine has a high potential for renewable energy development, particularly in wind and solar power, exceeding 400 GW. However, to effectively utilize this potential, it is necessary to address the issue of instantaneous energy distribution and consumption, which can be achieved through "green" hydrogen technology. The article states that hydrogen energy plays a crucial role in achieving carbon neutrality goals under the "Net Zero 2050" initiative, while the European Union considers Ukraine a strategic partner in developing hydrogen energy, contributing to the implementation of panEuropean climate goals. The article also examines the importance of developing a comprehensive strategy for the implementation of hydrogen technologies in Ukraine, including state initiatives, financial and economic incentives, the development of research infrastructure, and the integration of hydrogen technologies into key economic sectors. Notably, projects such as the "Odesa Hydrogen Valley" and "Zakarpattia Hydrogen Valley" contribute to developing hydrogen infrastructure and integrating Ukraine into the international energy network. The article emphasizes the need for active cooperation between government agencies, research institutions, and businesses for the successful implementation of the hydrogen strategy, which will help Ukraine become a significant player in the international hydrogen energy market

Suggested Citation

  • Yurii Kravchyk, 2024. "Hydrogen energy as a key element of ukraine's energy – efficient economy," Innovation and Sustainability Articles, Innovation and Sustainability, vol. 4(4), pages 171-176, December.
  • Handle: RePEc:cve:innsjn:v:4:y:2024:i:4:p:171-176
    DOI: https://doi.org/10.31649/ins.2024.4.174.179
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