European Hydrogen Backbone: Analysing the future demand supply and transport of hydrogen
- Jun 18, 2021 7:14 am GMT
European Hydrogen Backbone: analysing the future demand supply and transport
Domestic European green and blue hydrogen supply potential is vast and exceeds what would be needed to meet projected European hydrogen demand in all sectors Domestic green hydrogen supply potential in the EU and UK from dedicated renewables is estimated to be 450 TWh in 2030, 2,100 TWh in 2040, and 4,000 TWh in 2050. This potential already takes into account the growing need for renewable electricity for direct consumption, land availability, environmental considerations and installation rates. Realising this potential will likely require a rapid, vast expansion of wind and solar capacity, beyond what is needed for direct electricity demand and corresponding to cumulative installed capacities of 1,900 GW in 2030, 3,200 GW in 2040, and 4,500 GW in 2050. The 2030 installed capacity figure represents a more than doubling of current cumulative National Executive summary 1 This additional hydrogen demand, mainly for synthetic fuels, is included in the industry demand segment.
ANALYSING FUTURE DEMAND, SUPPLY, AND TRANSPORT OF HYDROGEN 5 Energy and Climate Plan targets. From 2040, green hydrogen supply potential in Europe can be sufficient to meet projected European hydrogen demand in all sectors at lower cost levels compared to grey hydrogen and other fossil alternatives plus the CO₂ price. By 2050, almost all of the potential 4,000 TWh of green hydrogen can be produced for less than 2.0 €/kg, of which up to 2,500 TWh can be produced below 1.5 €/kg and around 600 TWh produced at 1.0 €/kg or less.
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