Hydrogen growth not consistent with net zero – DNV
The fuel will meet only 5pc of global energy demand in 2050, far less than the 15pc needed to be consistent with net-zero scenarios
Hydrogen will meet only 5pc of global energy demand in 2050, roughly a third of the level consistent with a net-zero pathway, according to risk management firm DNV’s latest Energy Transition Outlook. This level of demand will require 250mn t/yr of production by 2050, an estimate far lower than other forecasts. Scenarios outlined by other organisations estimate 700-800mn t/yr of production by 2050 depending on future policy. DNV foresees a 27.5pc share for blue hydrogen, 25.5pc for grid-connected electrolysis, 17.5pc for dedicated solar-based electrolysis, 13pc from dedicated wind-based electrolysis and 1pc from dedicated nuclear-based electrolysis. “Blue hydrogen will gain significant
Also in this section
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome
18 March 2024
Major Indian companies are venturing into the sector thanks to government support, but cost and incentive questions persist