One sentence summary – A comprehensive analysis of the low-emission hydrogen production sector reveals substantial progress and promising growth potential, with a projected production of 38 million tonnes by 2030; however, efforts to stimulate demand and secure financial commitments are necessary to accelerate progress and align with production capabilities.
At a glance
- The total projected low-emission hydrogen production could reach 38 million tonnes by 2030.
- This projection assumes the realization of all announced projects.
- This projection reflects a significant increase of 50% compared to the International Energy Agency’s (IEA) 2022 report.
- Only 4% of the announced low-emission hydrogen projects have reached the final investment decision (FID) stage.
- Out of the total projected 38 million tonnes of low-emission hydrogen production, 27 million tonnes are expected to be based on electrolysis and low-emission electricity, while 10 million tonnes rely on fossil fuels with carbon capture, utilization, and storage (CCUS) technologies.
The details
A comprehensive analysis of the low-emission hydrogen production sector reveals substantial progress and promising growth potential.
This brief highlights key facts and figures derived from a compilation of multiple reliable sources.
It sheds light on the current state and future prospects of low-emission hydrogen production projects.
The total projected low-emission hydrogen production could reach 38 million tonnes by 2030.
This projection assumes the realization of all announced projects.
This projection reflects a significant increase of 50% compared to the International Energy Agency’s (IEA) 2022 report.
This increase indicates a growing commitment to low-emission hydrogen.
While there is substantial progress in production efforts, it is important to note that demand stimulation efforts are lagging behind.
This discrepancy raises concerns regarding the need for enhanced efforts to create a market for low-emission hydrogen.
Only 4% of the announced low-emission hydrogen projects have reached the final investment decision (FID) stage.
These projects total approximately two million tonnes.
This indicates that a majority of projects are still in the planning and development phase.
These projects require further financial commitments to move forward.
Out of the total projected 38 million tonnes of low-emission hydrogen production, 27 million tonnes are expected to be based on electrolysis and low-emission electricity.
Additionally, 10 million tonnes of production projects rely on fossil fuels with carbon capture, utilization, and storage (CCUS) technologies.
The low-emission hydrogen production sector demonstrates significant potential for growth.
The projected production is expected to reach 38 million tonnes by 2030.
However, efforts to stimulate demand for low-emission hydrogen must be intensified to align with production capabilities.
While 4% of announced projects have reached the final investment decision stage, additional financial commitments are necessary to accelerate progress.
The majority of projects are based on electrolysis and low-emission electricity.
This emphasizes the importance of renewable energy sources.
Furthermore, projects utilizing fossil fuels with CCUS technologies play a role in the transition towards low-emission hydrogen.
This comprehensive overview provides a detailed understanding of the current landscape and future prospects for low-emission hydrogen production.
Article X-ray
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| h2-view.com |
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| – Low-emission hydrogen production could reach 38 million tonnes in 2030 if all announced projects are realized – Efforts to stimulate demand for low-emission hydrogen are lagging behind production efforts – The potential 2030 production from announced projects has increased by 50% since the IEA’s 2022 report – Only 4% of announced projects have taken final investment decision (FID), totaling two million tonnes – Of the 38 million tonnes of projects, 27 million tonnes are based on electrolysis and low-emission electricity – 10 million tonnes of projects are based on fossil fuels with carbon capture, utilization, and storage. |
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