‘Hydrogen is on the move’, says new Baker Hughes report

Hydrogen looks set to be a priority among businesses involved in energy and hard-to-abate industries moving forward, according to a new report by Baker Hughes.

The Baker Hughes Energy Transition Pulse 2023report surveyed 555 executives active in energy and hard-to-abate industries across the Americas, Asia-Pacific, Europe, and the Middle East and Africa, about their readiness to achieve Net Zero by 2050.

It found that 30% of those surveyed said they will prioritise the use of or investment in hydrogen in the future, up from a current 19%, ranking it above synthetic fuels or gases; carbon capture utilisation and storage (CCUS); or nuclear power.

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