BP sees hydrogen demand rising fourfold by 2050
Green dominates clean hydrogen supply from 2030 – BP
Strong policy support to combine with sharp cost falls to boost green hydrogen production to 2050, major says in new report
Green hydrogen will account for 55pc of clean hydrogen supply by 2030, rising to 65pc in 2050, according to the latest scenarios modelled by oil major BP. Strong policy support will combine with “sharp falls” in relative costs to give green hydrogen an increasing share of production, BP says in its Energy Outlook 2022, which sets out scenarios used by the company to inform its strategy. The report was prepared before Russia’s invasion of Ukraine. Blue hydrogen is less expensive than green in most parts of the world at the beginning of the 2020-2050 outlook period, according to BP. “But this cost advantage is gradually eroded over the outlook as improvements in technology and manufacturing e
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