US Leads Clean Hydrogen Charge But Who Will Buy It?

Driven by supportive policies and a maturing project pipeline, clean hydrogen supply is set to increase 30-fold by 2030. Demand will be aided in part by Europe’s Carbon Border Adjustment Mechanism and other government policies, but fewer than a third of the 1,600 hydrogen projects that have been announced so far actually materialize in our analysis, and they are often subject to delays.

On today’s show, Dana and hydrogen analyst Adithya Bhashyam discuss findings from our recent hydrogen outlooks. Together, they cover the global picture for clean hydrogen production, including how the US is leading the way on gas-fueled blue H2 and the uncertainty around the scale of future Chinese green hydrogen production capacity. They delve into the need for government support for offtake agreements, and the large gap between clean hydrogen supply and demand.

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal or on bnef.com

Links to research notes from this episode:

1H 2024 Hydrogen Market Outlook: Targets Meet Reality - https://www.bnef.com/insights/34075/view

Hydrogen Supply Outlook 2024: Regional Deep Dives - https://www.bnef.com/insights/34093/view

Hydrogen Supply Outlook 2024: A Reality Check - https://www.bnef.com/insights/33965/view

Hydrogen Supply Outlook 2024: Projects - https://www.bnef.com/insights/33959?context=eyJxIjoiaHlkcm9nZW4gb3V0bG9vayBhZGl0aHlhIiwiY29udGVudFR5cGUiOiJpbnNpZ2h0IiwicmVnaW9uIjpbXSwic2VjdG9yIjpbXSwiYXV0aG9yIjpbXSwiaW5zaWdodC10eXBlIjpbXX0=

Hydrogen Offtake Agreement Database 2.0 - https://www.bnef.com/insights/32697?context=eyJjb250ZW50VHlwZSI6Imluc2lnaHQiLCJyZWdpb24iOltdLCJzZWN0b3IiOlsiMmQ2MzdhYTg0MTJhNGY3MyJdLCJhdXRob3IiOltdLCJpbnNpZ2h0LXR5cGUiOltdfQ==

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