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Opinion
Netherlands Markets
Stuart Penson
Rotterdam
13 October 2023
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Letter from Rotterdam: Somewhere over the rainbow

The ultimate prize for the low-carbon hydrogen sector is a significant share of the global energy mix, but multiple challenges stand in the way

“Is there a pot of gold at the end of the hydrogen rainbow?” That was the question posed by opening keynote speaker Nicola De Blasio, senior fellow at the Harvard Kennedy School’s Belfer Center, at the recent World Hydrogen Congress. Judging by the discussions that followed, the industry’s answer might go something like this: Maybe, but let us not get ahead of ourselves, because the immediate challenges are significant. The consensus is that the “pot of gold” for the nascent low-carbon hydrogen industry is a 10–15% share of the global energy mix by the second half of the century and, as a result, a significant role in the net-zero project. That is a long way off. The industry’s immediate foc

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