Navigating the Challenges and Opportunities in the Hydrogen Industry: Insights from BMI Experts
Key Ideas
- Progress in the hydrogen industry has been significant, yet challenges remain in meeting hydrogen targets due to financing issues and the lack of export partnerships.
- The fall in the cost of renewable electricity presents potential for growth in the hydrogen sector, but delays and cancellations in projects persist.
- This webinar by BMI experts offers insights on low-carbon hydrogen production, industry adaptation, and the impact of demand on the sector's future.
- The topics covered include green and blue hydrogen production outlook, hydrogen hubs, infrastructure support, demand in various sectors, and the global green hydrogen trade landscape.
The hydrogen industry has seen notable progress in the past year, indicating a positive trajectory for the sector. However, challenges persist in achieving set hydrogen targets due to various factors such as slow financing across the value chain, inadequate offtake agreements, and the absence of export partnerships. The decreasing cost of renewable electricity provides an optimistic outlook for hydrogen growth, although project delays and cancellations continue to pose hurdles.
The webinar conducted by BMI experts delves into the realm of low-carbon hydrogen production, highlighting the significance of industry adaptation and the influence of demand on shaping the sector's future. Leveraging BMI's exclusive hydrogen data and industry insights, the webinar aims to forecast the trajectory of hydrogen production, logistics, and trade as they evolve into crucial components of the global energy system and decarbonization initiatives.
Key topics covered in the webinar include projections on green and blue hydrogen production, the role of hydrogen hubs and infrastructure in fostering growth, demand for hydrogen across sectors like refining and transport, and the importance of carbon capture storage technologies in the hydrogen industry. Additionally, the webinar explores the utilization of green hydrogen in the transport sector, the involvement of sectors like fertilizers and ammonia as off-takers, and the emergence of green maritime corridors in the global hydrogen trade landscape.
Experts from various BMI industries such as Power and Renewables, Oil and Gas, Infrastructure, Autos, and Operational Risk contribute their insights, offering a comprehensive overview of the challenges and opportunities in the hydrogen industry. The collaborative analysis sheds light on the potential for growth in green hydrogen, the evolving landscape of hydrogen trade, and the critical role of infrastructure development in supporting the sector's expansion. Overall, the sentiment towards hydrogen in this webinar is positive, emphasizing the potential for substantial advancements in the industry despite the existing challenges.
Topics
Middle East
Green Hydrogen
Energy Transition
Infrastructure Development
Renewable Electricity
Maritime Transport
Carbon Capture Storage
Commodity Markets
Global Energy System
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