A new report on the nascent green hydrogen industry predicts...

A new report on the nascent green hydrogen industry predicts “exponential” growth for hydrogen electrolysers in coming years, with Australia expected to reach cost parity with so called “blue hydrogen” by 2027.“The fledgling clean hydrogen (H2) sector grew beyond expectations in 2021,” BloombergNEF says in its latest Hydrogen Market IOutlook.“State funding reached billions of dollars, electrolyzer sales doubled, as did the number of countries with hydrogen strategies. This year, we see exponential growth. Electrolyzer sales are on track to quadruple.BloombergNEF says the growth won’t come from the often touted sector of passenger transport, because they won’t be able to compete with EVs.“Forget about hydrogen cars,” says Martin Tengler, the lead hydrogen analyst at BloombergNEF.“Hydrogen has a much stronger future in decarbonizing hard-to-abate industrial sectors. This year, just two industrial projects in China will use several times more clean hydrogen than the world’s entire passenger fuel cell vehicle fleet.”

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