Hydrogen demand to grow rapidly – DNV

Paris Agreement targets are not achievable without a large-scale hydrogen economy, survey respondents say

World hydrogen demand is expected to increase to 24EJ/yr by 2050, with the road transport and maritime sectors accounting for nearly half of that demand, according to a new report from consultancy DNV. DNV’s figure is at the top end of demand scenarios foreseen by other reports. In comparison, the strong policy scenario in research firm BloombergNEF’s Hydrogen Economy Outlook foresees 27 EJ/yr (696mn t/yr) of demand by 2050, putting it at the top of the range of eight reports evaluated by the World Energy Council, a network of energy leaders and practitioners. Hydrogen demand growth is hard to predict as the industry is relatively small and its expansion is predicated on unknowns such as tec