Global hydrogen market faces oversupply risk

Immediate action needed to create both industrial and retail demand, according to the EIC

The hydrogen market risks a “massive” drop in prices and long-term supply chain disruptions unless immediate action is taken to create demand at industrial and retail levels, UK-based trade association the Energy Industries Council (EIC) warns. The UK has a hydrogen supply-side pipeline of more than 50 projects potentially worth over $13bn, but more progress is needed on the demand side both domestically and globally, the EIC says. “The industry needs supply-demand equilibrium to thrive and contribute to national and global environmental commitments,” EIC CEO Stuart Broadley says. “Our research and industry conversations show that the global supply of hydrogen could exceed demand. If this tr