Global Spending in Hydrogen Projects to Reach $300bn by 2030

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February 19, 2021

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(EnergyMarketPrice.com) Global hydrogen project pipeline will see strong growth in the next ten years as investments in the sector are predicted to reach $300 billion (£215bn) in total.

That’s according to a new report by the Hydrogen Council and McKinsey & Company, which suggests almost 228 large-scale projects in more than 30 countries have already been announced.

The analysis estimates 85% of these projects are located in Europe, Asia, and Australia. READ MORE

HYDROGEN DEPLOYMENT ACCELERATING WITH MORE THAN $300 BILLION IN PROJECT PIPELINE; INCLUDING $80 BILLION IN MATURE PROJECTS (Hydrogen Council)

CLEAN HYDROGEN SCALE UP IS FEASIBLE AND CAN GREATLY REDUCE GREENHOUSE GAS (GHG) EMISSIONS (Hydrogen Council)

Hydrogen Insights A perspective on hydrogen investment, market development and cost competitiveness (Hydrogen Council and McKinsey & Company)

III. Hydrogen supply 12
— Renewable hydrogen could break even with gray H2 before 2030 in optimal regions 12
— Electrolyzer capex savings can reduce costs quickly in a rapid global scale-up 15
— Expected electrolyzer learning curves could be too conservative 15
IV. Hydrogen distribution and global supply chains 18
— The optimal H2 transport mode will vary by distance, terrain and end-use: no universal solution exists 18
— Hydrogen pipelines 20
— Hydrogen carriers 21
— Hydrogen global transport can cost less than USD 2-3/kg 24
V. End applications 26
— The cost competitiveness of hydrogen applications 26
— Hydrogen production cost breakeven 27
A. Road transport and mining equipment 28
B. Ammonia 31
C. Steel 32
D. Sustainable shipping fuels 34
E. Aviation 37
VI. Implementation: bringing it all together to capture the promise of hydrogen 42

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