Philip Mshelbila, Managing Director and Chief Executive Officer of Nigeria LNG Limited has said that there is a need for an “affordable storage breakthrough” to propel hydrogen as a game-changer for Nigeria and Africa.
He said that technological advancements, particularly in battery technology, are critical to seizing the opportunities presented by this clean energy resource and shaping a sustainable future for the continent.
The NLNG boss made this known at the panel session titled, “Renewable Energy and Natural Capital: Accelerating Green Growth” at the 2023 Africa Investment Forum (AIF) in Marrakech, Morocco.
“Where we are now is just completely inefficient and it makes a lot of the energy forms we have underperformed. The available technology is too expensive, its cost,” he said.
According to the CEO, we need the technology to make it cheaper but also to make it smaller, and to make it more efficient.
“Technological breakthroughs are still going to change the view of the future. Because some of these breakthroughs will completely change the dynamics of the energy mix of the future and even within five years, something is going to come through that’s going to change the picture completely.”
Hydrogen has gained prominence amid the global pursuit of decarbonisation and energy security. Many major infrastructure projects are considering transportation in the form of ammonia, a safer and more cost-effective method for exporting hydrogen supplies in large volumes.
Nigeria’s hydrogen hopes hinge on energy storage solution- NLNG’s CEO – Businessday NG
