Hydrogen in Power (2023) - Thematic Research
Summary
Green hydrogen via electrolysis is one of the most promising and sustainable technologies within power and is gaining traction in the market. GlobalData estimated about 824 kilo-tonnes per annum (ktpa) of green hydrogen production by 2022, which is expected to hit 2,036ktpa by the end of 2023. Our market outlook highlights that by 2030, green hydrogen production capacity will reach 160,001ktpa. Hydrogen production from renewable electricity will play a significant role in the realization of long-term decarbonization goals and improvement in energy security. Greater demand for renewable hydrogen will determine the pace of dedicated renewable capacity expansion in the coming years.
Scope
The report focuses on hydrogen in power as a theme.
It provides an industry analysis on how big the hydrogen theme is and how fast it will grow in the coming years.
The report provides hydrogen market size and growth forecast.
It provides a snapshot on green hydrogen and low-carbon hydrogen market production capacity by region for 2030.
It covers patents trends and venture financing trends in power.
The report provides an overview on hydrogen adoption in key industries.
It provides an overview on upcoming green hydrogen projects.
The report discusses the challenges in green hydrogen economy.
The report discusses on the uses cases of hydrogen by power utilities.
It contains details of M&A deals driven by hydrogen theme, and a timeline highlighting milestones for hydrogen.
The report focus on the trends related to hydrogen as a theme in technology, macroeconomic and regulatory trends.
The report also includes an overview of competitive positions held by power utility companies adopting hydrogen.
Reasons to Buy
The report provides -
A detailed analysis of the growing hydrogen market.
The report gives an insight of the leading players in hydrogen and where do they fit in the value chain.
The report gives an overview of the leaders, challengers and key users in the hydrogen chain.
Technology briefing on production of hydrogen, steam methane reforming, coal gasification, electrolysis and other production methods.
A briefing on detailed analysis of hydrogen value chain, an overview of key participants and their role in hydrogen value chain.
A briefing on how green hydrogen will accelerate renewable production capacity.
An insight on electrolyzers in hydrogen production and policies to scale-up hydrogen production.
Company profiles of leading adopters of hydrogen in power sector.
A snapshot of power sector scorecard predicting the position of leading power companies in hydrogen theme.
- Executive Summary
- Players
- Technology Briefing
- Production of hydrogen
- Steam methane reforming
- Coal gasification
- Electrolysis
- Other production methods
- Transportation of hydrogen
- Pipelines
- High-pressure tube trailers
- Liquefied hydrogen tankers
- Chemical carriers
- Application technologies
- Fuel cells
- E-fuels
- Trends
- Technology trends
- Macroeconomic trends
- Regulatory trends
- Industry Analysis
- Market size and growth forecasts
- Green hydrogen will dominate the market
- Low-carbon hydrogen operational capacity by region
- Hydrogen adoption in key industries
- Competitive landscape
- Hydrogen overview
- An overview of hydrogen and its colors
- Hydrogen is an important element in reducing net zero emissions
- Hydrogen costs will be reduced by 2030
- Renewable hydrogen will accelerate renewable capacity
- Upcoming green hydrogen projects
- Policies will accelerate the adoption of hydrogen
- Challenges in the green hydrogen economy
- High cost of green hydrogen production
- The future demand for hydrogen is not assured
- Lack of technical and international standards
- Policy lags and cost pressures
- Safety of hydrogen
- Electrolyzers in hydrogen production
- Policies to scale up electrolyzers
- Use cases
- CenterPoint Energy’s green hydrogen project
- EDF’s Tees green hydrogen project
- EDP’s green hydrogen molecule
- ENGIE’s renewable hydrogen storage demonstrator
- E.ON’s hydrogen plant at wind farm
- Iberdrola’s green hydrogen plant
- Ørsted’s H2RES project
- RWE’s GET H2 Nukleus
- SSE’s thermal green hydrogen project
- Vattenfall’s hydrogen-producing wind turbine
- Timeline
- Signals
- M&A trends
- Venture financing trends
- Patent trends
- Value Chain
- Energy source
- Production
- Transportation, storage, and distribution
- Ammonia as a hydrogen carrier
- End use
- Companies
- Power companies
- Sector Scorecards
- Power sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Technology trends
- Table 2: Macroeconomic trends
- Table 3: Regulatory trends
- Table 4: Competitive landscape
- Table 5: Top CCS projects in operation:
- Table 6: Upcoming green hydrogen projects
- Table 7: Overview of the total installed electrolysis capacity by technology in the Net Zero Emissions by 2030 scenario.
- Table 8: Key M&A transactions associated with the hydrogen theme in the last five years
- Table 9: Power companies
- Table 10: Glossary
- Table 11: GlobalData reports
- List of Figures
- Figure 1: Who are the leading players in the hydrogen theme, and where do they sit in the value chain?
- Figure 2: Hydrogen sources
- Figure 3: Steam methane reforming process for hydrogen
- Figure 4: Fuel cell working
- Figure 5: Low-carbon hydrogen production capacity will surge by 2030
- Figure 6: Comparative market analysis of blue, green, turquoise, and purple hydrogen
- Figure 7: Low-carbon hydrogen market, active production capacity by region
- Figure 8: Low-carbon hydrogen market, total estimated production capacity by region for 2030
- Figure 9: Hydrogen adoption in key industries
- Figure 10: Colors of hydrogen
- Figure 11: Key pillars in the decarbonization of the global energy system
- Figure 12: Renewable hydrogen will increase dedicated renewable capacity
- Figure 13: Region-wise hydrogen production in the base case
- Figure 14: Spain will lead the dedicated renewable capacity for hydrogen production
- Figure 15: Electrolyzers being lifted for green hydrogen project
- Figure 16: Graphical representation of Tees Green hydrogen project
- Figure 17: EDP’s green hydrogen unit
- Figure 18: HyPSTER - Renewable hydrogen storage demonstrator project
- Figure 19: Salzgitter wind farm premises with electrolysis plant
- Figure 20: Puertollano green hydrogen plant
- Figure 21: Avedøre power station where H2RES is located
- Figure 22: A pictorial representation of the GET h2 Nukleus project
- Figure 23: Hydrogen production at the Aldbrough thermal power plant
- Figure 24: Aberdeen offshore wind farm
- Figure 25: The hydrogen story
- Figure 26: The hydrogen deal trend is increasing
- Figure 27: Region-wise hydrogen deals and related themes overview
- Figure 28: The increase in patent activity is driving growth in the adoption of hydrogen
- Figure 29: Hydrogen activities will continue to increase in the power industry
- Figure 30: The hydrogen energy value chain
- Figure 31: Hydrogen value chain: production
- Figure 32: Hydrogen value chain: transportation, storage and distribution
- Figure 33: Hydrogen value chain: end use
- Figure 34: Who does what in the power space?
- Figure 35: Thematic screen
- Figure 36: Valuation screen
- Figure 37: Risk screen
- Figure 38: Our five-step approach for generating a sector scorecard
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