Executives, researchers, and other parties around the world are looking to accelerate the ongoing energy transition to reach carbon neutrality. Aligning economies with the targets means transitioning legacy systems powered by high-emitting energy sources to lower carbon options such as renewables.
Green hydrogen could overcome these limits and become the key clean hydrogen supply option in the long run, being both economically viable and sustainable.
Either in its pure gaseous form or in the form of derivative molecules (ammonia, methanol and synthetic aviation fuels (SAF)), it can lead to significant emission savings in hard-to-abate sectors: heavy industry (such as steelmaking and chemicals) and heavy transport (such as aviation and shipping). Moreover, if wind and solar power continue to expand, hydrogen can provide flexibility and network stability to the power systems.
Emerging green hydrogen market could redraw the global energy and resource map as early as 2030, creating a US$1.4 trillion a year market by 2050.
