Chile is positioned as an emerging leader in the production of green hydrogen, a clean energy source obtained through the electrolysis of water using renewable energies such as solar and wind power. This process allows splitting water molecules into hydrogen and oxygen without generating polluting emissions, contributing significantly to decarbonization and improving the environment.

Green hydrogen has diverse utilities, including its use as a sustainable fuel in the transportation of cars, buses, trains, ships and even airplanes, energy storage for the power grid, heating and in industrial processes such as steel production. In addition, it can serve as a feedstock to generate compounds such as green ammonia, used in fertilizers for agriculture, and can even replace gasoline.

According to the Ministry of Energy, the National Green Hydrogen Strategy, presented in November 2020, has some key objectives such as producing the cheapest green hydrogen in the world by 2030, making Chile one of the top three exporters by 2040 and becoming the top 1 green hydrogen investor in Latin America by 2025. These goals seek to take advantage of the country's great potential in renewable energy to drive sustainable economic growth and reduce dependence on imported fossil fuels.

In addition, Chile's Ministry of Energy estimates that green hydrogen will contribute to an emissions reduction of between 25% and 27% by 2050, if the 2050 carbon neutrality goal is achieved.

In this country challenge, the private sector has also organized itself and in 2018 the Chilean Hydrogen Association, H2 Chile, was created, which has the mission of "accelerating the adoption of renewable hydrogen and its derivatives in our society, promoting public-private collaboration". They are around 40 professional partners and more than 100 leading companies, which help to stimulate the realization of projects, creating national and international collaboration networks, collaborating in the creation of public policies, facilitating the availability of financing and promoting knowledge and training of human capital.

The green hydrogen represents a strategic opportunity for Chile, allowing the country to lead the transition to clean energy, strengthen its economy and contribute effectively to climate change mitigation.