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Tariq Siddiqui's picture
COO, Upstream EP Advisors LLC

Oil & Energy | Business Development | Capital Projects | Offshore Wind -  Proven leader in offshore development and operations, with 25+ years’ expertise in managing business through cycles...

  • Member since 2021
  • 136 items added with 95,487 views
  • May 21, 2021
  • 859 views

Low-carbon hydrogen has a tiny share of the global energy market today. Investors, though, are betting on the long-term potential of this super-versatile energy carrier and role it can play low carbon energy transition.

KEY INSIGHTS

  1. A dramatic policy shift towards net-zero, in China, Japan and Canada has lit the fuse
  2. Economic case is coming together; hydrogen will be competitive with fossil fuels by 2030 (US$30/MWh)
  3. Supply is increasing; The project pipeline increase from 3.5 GW last year to 26 GW this year. Need to increase 1000 GW by 2050 (a staggering US$1.0 trillion in investments)
  4. The biggest risk for the investors is that demand is disappointing, the existing market (99%) is energy intensive focused on limited industrial sectors.

BOTTOMLINE

Green Hydrogen isn’t going to be an overnight sensation or the ‘new oil’ anytime soon. But it will play a significant role in the energy transition, meeting 7% of global final energy demand by 2050. The biggest risk for investors is that demand disappoints.

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