Global hydrogen market faces oversupply risk
Immediate action needed to create both industrial and retail demand, according to the EIC
The hydrogen market risks a “massive” drop in prices and long-term supply chain disruptions unless immediate action is taken to create demand at industrial and retail levels, UK-based trade association the Energy Industries Council (EIC) warns. The UK has a hydrogen supply-side pipeline of more than 50 projects potentially worth over $13bn, but more progress is needed on the demand side both domestically and globally, the EIC says. “The industry needs supply-demand equilibrium to thrive and contribute to national and global environmental commitments,” EIC CEO Stuart Broadley says. “Our research and industry conversations show that the global supply of hydrogen could exceed demand. If this tr
Also in this section
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey
4 April 2024
EET’s $2.4b plan to decarbonise major refinery in northwest England hits key milestone with CO₂ pipeline approval