The cost of green hydrogen production will fall from around $5/kg of hydrogen to $2/kg in 2030
Hydrogen growth not consistent with net zero – DNV
The fuel will meet only 5pc of global energy demand in 2050, far less than the 15pc needed to be consistent with net-zero scenarios
Hydrogen will meet only 5pc of global energy demand in 2050, roughly a third of the level consistent with a net-zero pathway, according to risk management firm DNV’s latest Energy Transition Outlook. This level of demand will require 250mn t/yr of production by 2050, an estimate far lower than other forecasts. Scenarios outlined by other organisations estimate 700-800mn t/yr of production by 2050 depending on future policy. DNV foresees a 27.5pc share for blue hydrogen, 25.5pc for grid-connected electrolysis, 17.5pc for dedicated solar-based electrolysis, 13pc from dedicated wind-based electrolysis and 1pc from dedicated nuclear-based electrolysis. “Blue hydrogen will gain significant
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