Green hydrogen saw an unprecedented surge in interest in 2020, with electrolysis coming up in a lot of discussions related to the energy transition and big investment announcements from different energy titans.
But what is the expected demand for low carbon hydrogen for the next five years? And what are the actual production timelines for key green hydrogen production sites two years from now? Are these projects bankable? What is the expected adoption pace of electrolysis technology? Can low-carbon hydrogen demand be stimulated? These are all questions that remain unanswered for the most part.
On 23 March 2021, Ben Gallagher, Principal & Lead Analyst, Hydrogen & Emerging Technologies presented the keynote paper at GTM Focus: Green Hydrogen in the Next Five Years. The presentation outlined milestones we expect to see over the next five years as low-carbon hydrogen markets begin to scale.
In the presentation, we preview an update to our proprietary Green Hydrogen project pipeline tracker: total pipeline capacity doubled since late December to 54 GW of electrolyzers as of 15 March 2021.
The updated tracker showcasing project-level data as well as further demand market updates will be fully available to global Energy Transition Service clients in early April.