Low-carbon hydrogen requires $600bn investment by 2050 – Wood Mackenzie
Global demand for low-carbon hydrogen expected to rise to 223mn t/yr by 2050, initially driven by use in ammonia production
Low-carbon hydrogen production will require at least $600bn in investment by 2050, according to research firm Wood Mackenzie. Global demand for low-carbon hydrogen is currently under 1mn t/yr, but is expected to rise to 223mn t/yr by 2050. “Substantial investments are required to accommodate the anticipated growth for the global low-carbon hydrogen market up to 2050,” says Flor Lucia De la Cruz, senior research analyst at Wood Mackenzie. “Developers will need to invest at least $600bn by 2050, and consumers will be required to commit to offtake hydrogen not yet contracted. The opportunity is huge.” 223mn t/yr – Global demand for hydrogen by 2050 The pipeline for low-carbon hydrogen p
Also in this section
24 April 2024
Demand for energy purposes to outpace feedstock applications by the 2040s as government policies drive consumption, says DNV
24 April 2024
Danish firm joins growing list of European electrolyser manufacturers establishing production in US as IRA incentives prove strong draw
19 April 2024
UAE renewables developer weighs opportunities to join green hydrogen projects in US and Canada, Andreas Bieringer, director of green hydrogen business development and commercial, tells Hydrogen Economist
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter