Hydrogen pipeline ‘must grow’ to achieve net zero
Current project announcements leave world 600mn t/yr short of hydrogen by 2050, says consultancy Wood Mackenzie
The current pipeline of hydrogen projects has quadrupled in one year to 64mn t/yr of production—but this is still only 10pc of what will be needed in a net-zero world, according to consultancy Wood Mackenzie. The proliferation of national and regional hydrogen strategies since 2018—now totalling 75—has led to an acceleration of project announcements. “But even if all currently announced projects materialise, the market will be short by 600mn t in 2050,” says Flor de la Cruz, senior research analyst at Wood Mackenzie, speaking at the firm’s hydrogen conference. “We need to reach 649mn t/yr of hydrogen production in a net-zero world.” And the project pipeline halves when it is ‘risked’, or ass
Also in this section
28 March 2024
Investment landscape is firming up in North African country with potential to become one of the world’s major exporters
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