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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Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
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