Global hydrogen project pipeline expected to exceed $300 billion by 2030
A new report from the Hydrogen Council has estimated that the current hydrogen project pipeline, if realized, would exceed investments of $300 billion by 2030. The report comes amid an acceleration in hydrogen project announcements worldwide and great expectation of hydrogen’s potential in the energy transition.
According to a new report by the Hydrogen Council, the release of national hydrogen strategies by over 30 countries has led to a rapid increase in the volume of investment in hydrogen projects worldwide. The Hydrogen Council is made up of 109 constituent members, representing in excess of US$8.8 trillion in market capitalization and including companies such as BP, Shell, Siemens Energy, Toyota, Anglo American, Snam, and Fortescue.
The report, developed in collaboration with McKinsey & Company and entitled “Hydrogen Insights 2021: A Perspective on Hydrogen Investment, Deployment and Cost Competitiveness”, estimates the total investment in hydrogen projects will surpass $300 billion by 2030, including US$80 billion in mature projects. Of course, these figures, it should be noted, assume all announced projects are successfully achieved. Read original full article
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Atlantis Viewpoint
Europe, Asia and Australia will lead this amazing expansion, which can change the way we understand energy production. And not only that, transport, infrastructure, and large-scale industrial hydrogen applications could start being the standard in less time than we think. The cost of renewables and electrolysis continues to fall, but first we need to see production and consumption of green hydrogen.
Hydrogen has the potential to provide clean power, but this depends on its source. At Atlantis, we know the solution is green Hydrogen, created from true clean energy sources such as solar or wind instead of fossil fuels. So, we need governments to adopt this method of producing hydrogen to fuel the future of manufacturing, transport and other industries. Let us take our energy production in the right direction for our society and our planet! Let us aim for true clean energy!
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