Global hydrogen demand continues to grow but faster action is needed to reach Net Zero Emissions target by 2050
On the supply side, electrolyser manufacturing capacity has doubled since last year, reaching nearly 8 GW per year; and the realisation of all the projects in the pipeline could lead to an installed electrolyser capacity of 134-240 GW by 2030, twice the expectations from last year.
Nonetheless, these laudable developments still are below what is needed to get on track with the Net Zero Emissions by 2050 Scenario. Faster action is required on creating demand for low-emission hydrogen and unlocking investment that can accelerate production scale up and deployment of infrastructure.
Hydrogen is an increasingly important piece of the net zero emissions by 2050 puzzle
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The Hydrogen TCP, founded in 1977, works to accelerate hydrogen implementation and widespread utilisation in the areas of production, storage, distribution, power, heating, mobility and industry. The Hydrogen TCP seeks to optimise environmental protection, improve energy security, transform global energy systems and grid management, and promote international economic development, as well as serving as the premier global resource for expertise in all aspects of hydrogen technology.