The Growing Role of Low-Carbon Hydrogen in Global Decarbonisation Efforts
Key Ideas
  • Around 83% of the low carbon hydrogen capacity set to go online in 2030 is expected to come from green hydrogen plants.
  • Low-carbon hydrogen has substantial potential for reducing emissions in energy-intensive industries and applications like marine and heavy vehicle sectors.
  • There has been a significant increase in low-carbon hydrogen project announcements, with many in the feasibility stage of development.
  • Expansion of the hydrogen distribution network, including new pipelines, is critical for the development of the global hydrogen economy.
A report by GlobalData highlights the increasing significance of low-carbon hydrogen in global decarbonisation efforts. By 2030, it is projected that 83% of the expected low carbon hydrogen capacity will be generated from green hydrogen plants. This shift towards low-carbon hydrogen is crucial for reducing emissions in energy-intensive industry sectors. The report emphasizes the potential of low-carbon hydrogen in applications like marine and heavy vehicles due to its energy density properties. There has been a surge in low-carbon hydrogen project announcements, with a majority at the feasibility stage, indicating a growing interest in this sector. Oil and gas companies are also investing in blue and green hydrogen plants that are set to be operational by 2030. Despite the progress, there is a pressing need for the expansion of the hydrogen distribution network, including the addition of new pipelines. This expansion is deemed essential for the advancement of the global hydrogen economy. The report underscores the critical role that low-carbon hydrogen will play in decarbonisation efforts and highlights the current phase as pivotal for the development of a sustainable hydrogen infrastructure.
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