The Hydrogen Insights Report released today (May 23), aims to provide a better understanding of worldwide hydrogen development.
Its key finding establishes that low-carbon hydrogen interest continues to grow rapidly. 22 countries have published a national hydrogen strategy, 11 of which have come since January 2021. More than 400 projects have been announced, with increasing interest from investors and financial institutions.
Despite the increased interest, the report has outlined challenges the industry faces to scale up low-carbon hydrogen.
Firstly, the World Energy Council have acknowledged that the timeline for hydrogen project development does not align with the need to address climate change.
Next, there appears to be a gap between what technology providers could deploy and what investors are willing to finance.
Finally, the report notes the extensive gap between climate agenda, and hydrogen infrastructure deployment, with most planned to be operational after 2030 emissions deadlines.
The World Energy Council’s report concluded that if low-carbon hydrogen is to be rolled out at scale, will require more effective coordination and cooperation across the world.
The onus being on the ability to better use public and private finances, to shift the focus to end users and people, by moving production costs to the end-use price, allowing industry to move faster.
It also notes developing schemes with sustainability requirements, developing global monitoring and reporting tools for projects, and better considering social impacts alongside the economic opportunities.
North American Hydrogen Summit
H2 View is taking its events platform to America’s original clean hydrogen hub of California. Together with the California Fuel Cell Partnership (CaFCP), we will stage our North American Hydrogen Summit in San Francisco on July 14-15.
As our summit theme Building Bridges: Hydrogen hubs and investment suggests, the event will explore the $8bn of funding announced to create at least four regional hydrogen hubs in the US. These hubs will turbo-charge the nation’s progress toward heavy trucking and industrial sectors that run without producing carbon pollution – and they may just provide the path forward to a hydrogen-fuelled future.
With California and Texas vying to be America’s hydrogen capital today, where are the hubs of tomorrow? Further still, what can other states, and countries, learn from California’s success story? And how can we build bridges to a successful flow of international investment?
If you are a member of the CaFCP, be sure to grab your ticket at a discounted rate with a code that can be provided to you by the events team.
Full information about this event including attendance and sponsorship packages can be found here.