Low-carbon hydrogen production is set to experience “robust growth” globally through 2030, despite project cancellations and policy shifts in the United States, according to a new report.
The International Energy Agency reported Friday that “clean” hydrogen production will jump fivefold by the end of the decade from projects that are already operational or have reached financial close. More than 200 projects in the sector have finalized financial deals since 2020, it said.
“This low-emissions hydrogen growth to 2030 would resemble the fast expansions of other clean energy technologies seen in recent years, such as solar PV,” the report said.
Clean hydrogen, which involves making “green” fuel with renewables or capturing “blue” carbon from fossil fuels, is viewed as an option to cut emissions from a range of industries, including industrial sectors that have been difficult to decarbonize.
