Hydrogen ‘needs government subsidies’

Madrid: While hydrogen could one day be a green and abundant energy source for the world, Iberdrola, the world’s third largest private renewable electric utility provider, admits it’s difficult to commercialise this future energy source without government subsidies.

The company also says that hydrogen may not be suitable as the energy source for passenger cars but rather heavy logistics and industry.

Armando Martinez Martinez, Iberdrola’s chief executive officer, said that while hydrogen has been used by industry for decades, it has yet to offer a viable solution as a fuel source for consumers, especially in passenger cars.

Mr Martinez said 90% of hydrogen used by customers comes from conventional,…