Analyzing and Predicting hydrogen capacity for the future energy ecosystem
Advisor(s)
Alan Ahn; Global America Business Institute
Discipline
Business
Start Date
21-4-2021 10:05 AM
End Date
21-4-2021 10:20 AM
Abstract
Impacts of climate change are becoming more evident across the world and expecting to become increasingly disruptive in just a few decades. To prevent the global temperature from rising, using cleaner energy is becoming significantly important. Advancements in hydrogen solution, one of the cleanest energy available, can increase renewable energy sector efficiency by strategizing new clean solutions for the future. The research aims to determine whether there is a correlation between dependence on energy imports and hydrogen production to predict hydrogen production across countries in the future. This project also attempts to predict the degree of hydrogen production from the panel regression model across 25 countries. It is rational to assume that the higher the dependence on energy import, the more hydrogen energy will generate, reducing the reliance on imported non-renewables. Furthermore, more technology and infrastructure related to the hydrogen economy will lead to higher hydrogen production efficiency. The research will explore a relationship between hydrogen production and the degree of energy import after controlling for other factors such as GDP, GDP per capita, and energy R&D expenditures through panel regression analysis.
Analyzing and Predicting hydrogen capacity for the future energy ecosystem
Impacts of climate change are becoming more evident across the world and expecting to become increasingly disruptive in just a few decades. To prevent the global temperature from rising, using cleaner energy is becoming significantly important. Advancements in hydrogen solution, one of the cleanest energy available, can increase renewable energy sector efficiency by strategizing new clean solutions for the future. The research aims to determine whether there is a correlation between dependence on energy imports and hydrogen production to predict hydrogen production across countries in the future. This project also attempts to predict the degree of hydrogen production from the panel regression model across 25 countries. It is rational to assume that the higher the dependence on energy import, the more hydrogen energy will generate, reducing the reliance on imported non-renewables. Furthermore, more technology and infrastructure related to the hydrogen economy will lead to higher hydrogen production efficiency. The research will explore a relationship between hydrogen production and the degree of energy import after controlling for other factors such as GDP, GDP per capita, and energy R&D expenditures through panel regression analysis.