More green hydrogen projects needed to meet future demands

More green hydrogen projects needed to meet future demands

Although the renewable green hydrogen industry is being accelerated with 50 newly announced projects, a recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) has said the pace is not quick enough to meet the global energy demand.

Report Author Yong Por, says that based on his analysis of the 50 new projects, the supply of global green hydrogen is likely to be only three million tonnes per year, although demand has been forecasted at 8.7 million tonnes a year by 2030.

According to Por, Asia, Europe and Australia are backing the majority of new green hydrogen projects.

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