Mass market for H<sub>2</sub> could arrive within ten years—Baker Hughes AM 2021
Energy technology company says it is essential to prepare now for expected boom
Hydrogen and artificial intelligence (AI) were the hot topics at the Baker Hughes Annual Meeting 2021. While hydrogen makes up only a small part of Baker Hughes’ annual revenues, the company predicts there will be a mass market for it in ten years. However, regulatory and market incentives have to be put in place quickly to drive adoption. One of the key messages from the meeting was Baker Hughes’ three-pillar strategy for the future: driving efficiencies that decarbonise energy systems; building clean value chains; and recognising there are technologies in the pipeline that, while they may not be viable for decades, the company needs to position itself for now. “We have been in the hydrogen
Also in this section
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment
