Hydrogen market needs phased approach
Ensuring harmonised certification and distributed supply vital to success of market, say speakers at the FT Energy Transition Summit
A global market for hydrogen is likely to develop eventually but should be built out in phases, according to speakers at the FT Energy Transition Summit. Opinion in the sector is divided over whether a global trade is likely to develop, due to the difficulties of shipping hydrogen molecules. A recent report from research agency DNV—which tends to be more bearish on hydrogen rollout than other institutions—foresaw little international trade of the fuel, with no pipelines between continents and only 2pc of global volumes travelling on ships by 2050. Some form of trade is likely to happen eventually, but the focus for now should be on local development, according to Ana Quelhas, managing direct
Also in this section
28 March 2024
Investment landscape is firming up in North African country with potential to become one of the world’s major exporters
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome