Low-emissions hydrogen is projected to grow at an average rate of close to 25% per year between 2022 and 2026, translating into almost 4bcm equivalent of additional supply by 2026, according to the IEA.
The positive outlook for hydrogen is contained within the IEA’s Medium-Term Gas Report 2023.
The supply of low-emissions gases is expected to more than double over the medium term, resulting in an increase of over 8bcm in absolute terms. Europe and North America are set to drive the expansion and to contribute for 70% of the overall growth.
Water electrolysis is expected to contribute 50% of incremental low-emission hydrogen supply by 2026.
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