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
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