Hydrogen as an Alternative Energy Source

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Rebecca Gaskin Gain is a non-executive director with CBZ Holdings, a company based in Zimbabwe. From 2015 to 2019, Rebecca Gaskin Gain worked as a principal of Nexant Inc. In her position with Nexant Inc., she worked with government agencies to advance energy transactions to a financial close. She has a strong interest in clean energy and the environment. Hydrogen is a form of clean energy that serves as an eco-friendly alternative to methane. When hydrogen is consumed in a fuel cell, it produces water. Hydrogen can be generated from a wide range of resources including natural gas, biogas, renewable power, and nuclear power. Because hydrogen can be generated from a wide range of domestic resources, it is being adopted as an alternative source of fuel to generate electricity, and is also being used in the transportation sector. Also, hydrogen is capable of powering industries and homes when harnessed on a large scale. Today, some vehicles are powered by hydrogen fuel cells. For instance, China is the world’s largest consumer of hydrogen fuel in the transportation sector.

Science

Rebecca Gaskin Gain is a non-executive director with CBZ Holdings, a
company based in Zimbabwe. From 2015 to 2019, Rebecca Gaskin Gain
worked as a principal of Nexant Inc. In her position with Nexant Inc., she
worked with government agencies to advance energy transactions to a
financial close. She has a strong interest in clean energy and the
environment.
Hydrogen is a form of clean energy that serves as an eco-friendly alternative
to methane. When hydrogen is consumed in a fuel cell, it produces water.
Hydrogen can be generated from a wide range of resources including natural
gas, biogas, renewable power, and nuclear power.
Because hydrogen can be generated from a wide range of domestic
resources, it is being adopted as an alternative source of fuel to generate
electricity, and is also being used in the transportation sector. Also, hydrogen
is capable of powering industries and homes when harnessed on a large
scale.
Today, some vehicles are powered by hydrogen fuel cells. For instance, China
is the world’s largest consumer of hydrogen fuel in the transportation sector.
2

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ENERCO Energy is active in Green H2 space. The hype surrounding green hydrogen, often referred to simply as "green H2," has been growing in recent years due to its potential to address key challenges related to energy transition, decarbonization, and sustainability. Green hydrogen is produced using renewable energy sources through a process called electrolysis, which splits water molecules into hydrogen and oxygen. Here are some reasons behind the increasing hype around green hydrogen: Clean Energy Transition: Green hydrogen is considered a key enabler of the transition to a low-carbon and renewable energy future. It offers a versatile and scalable energy storage solution that can complement intermittent renewable energy sources like solar and wind power. By converting excess renewable energy into hydrogen during periods of oversupply, green hydrogen can be stored and used later to produce electricity, heat, or fuel. Decarbonization of Hard-to-Abate Sectors: Green hydrogen has the potential to decarbonize sectors that are challenging to electrify directly, such as heavy industry, transportation (including aviation and shipping), and heating. By replacing fossil fuels in these sectors with hydrogen-based fuels or feedstocks, emissions can be significantly reduced, contributing to global efforts to mitigate climate change. Technological Advancements: Advances in electrolysis technology, renewable energy integration, and hydrogen infrastructure have made green hydrogen production more efficient, cost-effective, and scalable. Continuous innovation and research efforts are driving down the costs of electrolyzers and improving the performance of hydrogen production processes. Policy Support and Investments: Governments around the world are increasingly recognizing the potential of green hydrogen and implementing supportive policies, incentives, and funding mechanisms to accelerate its deployment. National hydrogen strategies, investment programs, and public-private partnerships aim to stimulate demand, scale up production, and build a robust hydrogen economy. Industry and Market Momentum: Major industries, energy companies, and technology providers are increasingly investing in green hydrogen projects and initiatives. Collaborations and partnerships across sectors, value chains, and regions are driving innovation, scaling up production, and commercializing hydrogen-based applications. Global Momentum and Cooperation: Green hydrogen has garnered attention as a global priority in international forums, initiatives, and agreements focused on sustainable development, climate action, and clean energy. Cooperation among countries, regions, and stakeholders is essential to unlock the full potential of green hydrogen and address common challenges related to technology deployment, infrastructure development, and market integration.

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An experienced senior administrator and legal advisor, Rebecca Gaskin Gain has worked on government and private business initiatives in sectors that range from energy to banking. Since 2020, Rebecca Gaskin Gain has served as an independent non-executive director with CBZ Holdings. As the leading banking organization in Zimbabwe, CBZ Holdings acquired 31.22 percent of the large insurance and property group First Mutual Holdings in November of 2021. The deal has given CBZ a considerably stronger influence on the country’s general financial sector. In the wake of the acquisition, CBZ gained access to a sizable component of First Mutual’s extensive portfolio including the major short-term insurance provider NicozDiamond and multiple reinsurance entities. The independent newspaper The Standard reported that CBZ paid the equivalent of more than $60 million in US dollars for First Mutual in the acquisition deal. In the wake of the First Mutual acquisition, CBZ remained in aggressive expansion mode, considering the purchase of ZB Bank among other financial entities.

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1. HYDROGEN AS AN ALTERNATIVE ENERGY SOURCE

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Hydrogen as an Alternative Energy Source