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
22 October 2024
Hydrogen is making inroads as a fuel for power plants as governments seek clean fuels to back up intermittent wind and solar
21 October 2024
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas
18 October 2024
Project in northeast of country set to start up in 2025 as developer signs technology deal with Icelandic firm Carbon Recycling International
17 October 2024
Experts debate carbon pricing and fossil fuel subsidies in the MENA region on second day of summit