The Future of Hydrogen Amidst Political Change: Insights from Wood Mackenzie Conference in London
Key Ideas
- Wood Mackenzie's hydrogen conference in London highlighted a potential shift towards blue hydrogen over green hydrogen due to the US election results.
- Murray Douglas from Wood Mackenzie suggested that Trump's win may influence the direction of US public policy towards hydrogen.
- The event gathered industry stakeholders and analysts to discuss the state of the low-carbon hydrogen market and its future prospects.
- Insights from the conference indicate a nuanced evaluation of the hydrogen market's development under evolving political landscapes.
In November, just after the confirmation of the Republicans' return to the White House, Wood Mackenzie, a professional consultancy, organized a hydrogen conference next to St Paul’s Cathedral in London. The conference brought together industry stakeholders and analysts to discuss the evolving low-carbon hydrogen market. Murray Douglas, Vice-President and Head of Hydrogen Research at Wood Mackenzie, expressed views that the hydrogen market may lean towards blue hydrogen rather than green hydrogen in the coming years, attributing this potential shift to Donald Trump's victory in the US presidential election. Douglas's insights were shared during the two-day Hydrogen Conference 2024 hosted by Wood Mackenzie in London. The event served as a platform for in-depth discussions on the state of play in the hydrogen market and how political changes, such as Trump's win, could impact the industry. The assessment provided by Wood Mackenzie highlighted the complex interplay between politics and renewable energy markets, signaling a potential reevaluation of strategies and priorities within the hydrogen sector.