This webinar will assess the current state of play for hydrogen, offering a comprehensive overview of the latest and most promising developments, and providing a glimpse into what the future may hold.
Global interest in hydrogen has grown substantially in recent months as countries develop strategies to decarbonise their economies. Driven by the strong commitment to net zero-emission and the urgency of action on climate change, the International Renewable Energy Agency (IRENA) estimates that hydrogen will account for nearly 12 %of global energy use by 2050. As such, the hydrogen revolution could provide a $2.5 trillion investment opportunity through 2050 for utilities, equipment makers and others seeking to curb their emission intensity.
With demand for clean hydrogen expected to take off in the mid-2030s, this decade will likely witness a great race for technological developments, according to IRENA. Businesses worldwide are already moving towards scaling up the hydrogen value chain with new demonstration projects and alliances, as well as dedicated infrastructure funds and industrial hubs in a collective effort to accelerate innovation and bring down costs.
On the supply side, consortia of the world's largest energy firms are spearheading the development of the hydrogen market given their ability to deliver these projects and their interest in hydrogen. On the demand side, leading brands continue to look for renewable alternatives, which is likely to trigger a hydrogen equivalent of the PPA market that emerged in the electricity market.
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