For all the buzz about hydrogen trucks and planes, railways provide the most immediate test case for the rollout of a clean-energy technology that has electrified policy makers and markets alike.
Investors got very excited about the potential of hydrogen as a sustainable fuel last year, but have taken a breather in recent months—as they have with other speculative technology themes. The fact remains that, for many industries, so-called green hydrogen produced using renewable power needs about a decade of scaling up and rising carbon prices to make it competitive.
Yet that isn’t the case for rail transport. Hydrogen-powered trains built by France’s Alstom have already carried passengers over 110,000 miles on trial operations in Europe.
