- Bloomberg NEF estimates that there will be an $11 trillion investment in production and storage of hydrogen worldwide through to 2050.
- In 2020 Europe announced its path to 100% renewable hydrogen by 2050.
- EU estimates that clean hydrogen could supply 24% of the world’s energy demand, with annual sales of approx. €630 billion.
- EU’s objective to support installation of 6G of renewable hydrogen electrolysers to produce approx. 1m tonnes of renewable hydrogen.
- EU also states hydrogen to become intrinsic to Europe’s integrated energy system by 2030. At least 40 gigawatts of renewable hydrogen electrolysers to produce approx. 10m tonnes of renewable hydrogen by 2030.
- Large corporates now shifting focus to transition to hydrogen as part of their energy strategy, e.g. Cummins Inc, BP, BG, Navistar Inc, Shell, Air Liquide/Air Products, Linde etc.