For the hydrogen promise to materialize for HRCs and for the market to scale, four areas will need to be addressed
- Scaling competitive supply.Â
- Stimulating local demand.
- Developing transportation technology
- Facilitating cooperation across value chains, customers, and countries.
The role of hydrocarbon-rich countries (HRC) in the scale-up of clean hydrogen:
- Taking the lead: Identifying sources of value and choosing the right roles in the value chain
- Identifying key sources of value
- Developing the right plays in the hydrogen value chain: There are 6 plays
- Hydrogen equipment manufacturing:
- Hydrogen production
- Carbon capture, utilization, and storage:Â
- Hydrogen transportation
- Clean-hydrogen downstream production
- Integrated project developers
BOTTOMLINE
Hydrogen is a necessary part of curbing GHG emissions across the world while ensuring sufficiently stable and affordable energy supply. HRCs are in a unique position to help develop and scale the technology. Those that take the right actions today will not only help stay ahead of the curve accessing new and growing value pools but will also help provide a cleaner, greener future.
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