Opinion in the sector is divided on whether an international hydrogen market is feasible
Hydrogen market needs phased approach
Ensuring harmonised certification and distributed supply vital to success of market, say speakers at the FT Energy Transition Summit
A global market for hydrogen is likely to develop eventually but should be built out in phases, according to speakers at the FT Energy Transition Summit. Opinion in the sector is divided over whether a global trade is likely to develop, due to the difficulties of shipping hydrogen molecules. A recent report from research agency DNV—which tends to be more bearish on hydrogen rollout than other institutions—foresaw little international trade of the fuel, with no pipelines between continents and only 2pc of global volumes travelling on ships by 2050. Some form of trade is likely to happen eventually, but the focus for now should be on local development, according to Ana Quelhas, managing direct
Also in this section
1 December 2023
Aircraft of varying sizes and in varying regions are likely to use different technolo-gies to decarbonise, making regulation challenging
30 November 2023
International investors are looking to exploit Morocco’s increasingly well-recognised potential to be one of the world’s top producers
30 November 2023
Production of green hydrogen and fuels from rapidly expanding renewable power sector becoming increasingly important to country’s energy strategy
29 November 2023
Centrica and Mitsubishi agree to explore development of facility at Bord Gais Energy site in Cork
