Hydrogen is now emerging as a vector of clean energy delivery with genuine interest and investment worldwide as governments and businesses seek to develop this budding industry as part of their energy transition goals.
Nevertheless, significant challenges lie ahead to bring the industry up to scale. In new ‘Look Forward’ research from SPG Global Commodity Insights, three key areas are identified in order for hydrogen to reach its potential. A 10-fold increase in operating capacity is expected in the next three years.
Challenge 1: Reducing costs and eliminating bottlenecks