DNV cuts North America hydrogen forecasts by 30%

Growth outlook hit by recent policy changes in pivotal year for the region’s hydrogen industry, says risk management firm DNV

Risk management firm DNV has cut its 2050 forecast for North American hydrogen production by 30%, in a major downgrade for the industry’s growth prospects in the wake of recent federal policy changes. It has also lowered its demand-side forecast for the region, projecting that hydrogen will account for 3% of energy demand in 2050, down from 5% previously. “Hydrogen production and demand show a decline in North America, with 2025 marking a pivotal year due to policy changes introduced by the One Big Beautiful Bill Act [OBBBA],” DNV said in its latest Energy Transition Outlook North America. The OBBBA scaled back support for hydrogen. The 45V production tax credit, introduced under the Inflati