Platinum's Vital Role in the Hydrogen Revolution
Key Ideas
  • Platinum is at the forefront of the energy transition, particularly in hydrogen technologies like PEM electrolyzers and fuel cells, driving demand for the metal.
  • Hydrogen's role in decarbonization is leading to significant investments globally, with projections of over $300 billion in hydrogen-related investments by 2030.
  • Governments worldwide are supporting hydrogen as a key decarbonization strategy, with China, Europe, and North America leading in hydrogen investments and FCEV markets.
  • Platinum's demand is set to rise significantly, with over 60% of current demand coming from fuel cells, while hydrogen applications are anticipated to drive 11% of future demand by 2030.
The World Platinum Investment Council's recent infographic sheds light on platinum's crucial role in the energy transition, driven by the increasing demand for hydrogen technologies. As industries worldwide embrace cleaner energy sources, platinum's significance in proton exchange membrane (PEM) technologies, crucial for hydrogen production and utilization, becomes more pronounced. PEM electrolyzers, powered by renewable energy, produce green hydrogen, offering a carbon-free alternative for various sectors. Additionally, PEM fuel cells, used in FCEVs and stationary power systems, convert hydrogen into electricity with zero emissions. The growth of hydrogen-powered transport extends from trucks and buses to rail, maritime, and aviation sectors. Beyond transportation, hydrogen fuel cells are gaining traction in stationary energy systems, providing reliable, low-emission power for critical infrastructure. The WPIC emphasizes that hydrogen's global momentum is expected to attract substantial investments, with platinum demand projected to increase significantly. Governments worldwide are actively promoting hydrogen as part of their decarbonization strategies, propelling hydrogen-related investments. With platinum playing a pivotal role in hydrogen technologies, the metal's demand is poised to surge, with fuel cells currently accounting for a substantial portion and hydrogen applications set to drive future demand.
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