Mass market for H<sub>2</sub> could arrive within ten years—Baker Hughes AM 2021
Energy technology company says it is essential to prepare now for expected boom
Hydrogen and artificial intelligence (AI) were the hot topics at the Baker Hughes Annual Meeting 2021. While hydrogen makes up only a small part of Baker Hughes’ annual revenues, the company predicts there will be a mass market for it in ten years. However, regulatory and market incentives have to be put in place quickly to drive adoption. One of the key messages from the meeting was Baker Hughes’ three-pillar strategy for the future: driving efficiencies that decarbonise energy systems; building clean value chains; and recognising there are technologies in the pipeline that, while they may not be viable for decades, the company needs to position itself for now. “We have been in the hydrogen
Also in this section
13 March 2025
Government awards €1.21b of funding to seven large-scale projects as it chases capacity target of 12GW by 2030
12 March 2025
Speakers at this year’s CERAWeek conference noted the growing interest in green hydrogen, but hurdles such as cost remain to its adoption at scale
11 March 2025
A reassessment of clean hydrogen’s growth trajectory is underway, but the energy vector’s long-term potential to decarbonise remains intact
10 March 2025
Collaboration has become crucial to success as projects turn out to be more complex and expensive than previously thought, industry figures tell Dubai conference
