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dnv-hydrogen-will-only-supply-5-of-global-energy-demand-in-2050
dnv-hydrogen-will-only-supply-5-of-global-energy-demand-in-2050

DNV: Hydrogen will only supply 5% of global energy demand in 2050

In its Energy Transition Outlook 2022  report, DNV said that despite the energy carrier being essential for decarbonising hard-to-abate sectors, such as high heat processes in manufacturing and maritime, hydrogen is ‘inefficient and expensive’ compared to direct electrification.

The report found that despite seeing hydrogen scale in the manufacturing sector in the early 2030s, with use of hydrogen derivatives such as ammonia and e-methanol expected to rise in the late 2030, DNV predict that hydrogen will only supply 5% of global energy demand in 2050, a third of the level needed in a Net Zero energy mix.

It stated, “Renewable and low-carbon hydrogen is crucial for decarbonising hard-to-abate sectors and meeting Paris Agreement goals. To achieve Paris targets, hydrogen would need to meet around 15% of world energy demand by mid-century. We forecast that global hydrogen uptake.”

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