Hydrogen can solve many problems, from decarbonising industry to storing power. As such, governments around the world have set ambitious targets for the industry. Beyond political aspirations, this paper considers the real market opportunity for investors today, addressing 6 key questions that sector novices should consider.
The cost of producing and transporting green hydrogen remains comparatively high, but solid business cases can already be found in industry and heavy transport applications, that can be further de-risked by subsidies. Decreasing production cost (through low cost energy or competitive technology), and finding applications close to production will be critical to develop near term investable projects.