August 24, 2020 Read More →

Hydrogen demand surges but transportation costs loom large

Renew Economy:

A new deep drive analysis of the emerging green hydrogen industry has found that without government support, the supply of zero emissions hydrogen may not be able to keep pace with surging demand, but transport costs are looming as a particularly tough barrier to establishing a thriving export market.

The findings have been published in a new report by the Institute for Energy Economics and Financial Analysis (IEEFA), which found that despite a rapid increase in green hydrogen globally it won’t be enough to meet the surging global demand for zero emissions hydrogen.

IEEFA found that Australia already ranks amongst the global leaders in a green hydrogen industry, with a number of projects advancing rapidly towards deployment, as well as a number of pilot projects already underway.

The IEEFA report estimates that there are around 50 major green hydrogen projects under development globally, with the ability to supply up to 3 million tonnes per year. However, future global demand has been forecast to reach as high as 8.7 million tonnes per year by 2030.

“Asia, Europe and Australia are backing the majority of new green hydrogen projects,” IEEFA analyst and report author Yong Por said. 

[Michael Mazengarb]

More: Australia is already a leader in green hydrogen, but will we ever export it?

Posted in: IEEFA In the News

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