Our energy-addicted world faces several challenges on the road to the low-emission society. The development of renewable energy must be ramped up rapidly to cover the growing need for electricity, at the same time as use of fossil energy is declining.
But electricity cannot solve every task. The truly challenging problems within energy are all about how we will manage to decarbonise heavy industry, air transport and shipping.
While a regular passenger car can easily run on rechargeable batteries, duplicating this in international cruise traffic is much more problematic.
And what do we do when the sun doesn’t shine and the wind doesn’t blow? A solid energy buffer is needed to heat European homes through the winter, and we do not have the capacity to do this with renewable power and batteries.
Therefore, to achieve the objective of a climate-neutral world in 2050, we must also make room for other solutions and technologies.
Hydrogen and carbon capture and storage are some of the solutions we have chosen to focus on in Equinor.