Rising demand driven by road transport and maritime sectors
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
Also in this section
21 January 2025
The GEI database is tracking nearly 680 active hydrogen projects in Western Europe, with the region accounting for nearly half of the total market share in active hydrogen projects globally
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
20 January 2025
China and India are leading the region in terms of electrolyser development, while Australia accounts for nearly half of Asia’s active hydrogen projects
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
