PERTH (miningweekly.com) – Global hydrogen adoption in new sectors is expected to be modest over the next ten years, global consultancy Partners in Performance said on Thursday.
Speaking at the Hydrogen and Mines virtual summit, Australia and New Zealand regional energy transition lead Peter Mann said the uptake of green hydrogen would accelerate significantly post 2030, with significant uptake happening in 2040 and 2050.
“The main sectors that will be driving this growth from 2040 to 2050 are transport, a forecast taker of 20.5%, shipping at 15%, building at 13.8%, steel at 13% and synfuel production at 9.3%.
“The economic supply of hydrogen is largely driven by the electrolyzer cost, the input energy cost, and utilization,” said Mann.
He noted that the key price point to make green hydrogen economical would be around the $2/kg to $3/kg mark.
“There are various scenarios where the hydrogen price will achieve this by 2030 or 2035. The price of green hydrogen will continue to get cheaper, and it will become a more viable source for industrial processes.”