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The Hydrogen Decade: One Dollar, One Kilogram by 2030
Hydrogen Production is estimated to grow significantly by 2050, with $15 trillion investments needed to meet global demand. Incentivized by global public and private sector commitments, low-carbon hydrogen is set to be a key pillar in the energy transition and the race to net-zero.
However, challenges such as half-hearted policies and unclear frameworks, chicken and egg dilemma between supply and demand, uncertainty and risk around project finance, inadequate infrastructure and technology for production, storage and transportation block the scaling up of a global hydrogen economy.
Reuters Events Hydrogen North America 2023 will unite global leaders from public and private sectors to create a pathway for scaling up hydrogen production and form partnerships which will move hydrogen beyond pilot to full-scale projects.
https://events.reutersevents.com/renewable-energy/hydrogen-usa
The hydrogen economy is a once-in-a-generation opportunity for businesses in North America. Fuelled through federal government tax credits, funding through the Inflation Reduction Act and the Infrastructure Investment and Jobs Act, the enormity of the opportunity ahead is almost unfathomable.
To capitalize on the opportunity and accelerate an economy of scale, the roadmap is clear:
Unlock $8bn of federal government capital and develop regulatory support.
Unleash the power of commercially viable demand areas and secure long-lasting offtake agreements.
Scale up technologies to fast-track low-carbon hydrogen production.
Develop resilient infrastructure to solve the storage and transportation challenge.
Only by uniting every major developer, investor, contractor, supplier, manufacturer, and policy maker, can we demonstrate hydrogen’s commercial viability and achieve 1$/kg production by the end of the decade.
Seize the moment to decarbonize America’s energy and hard-to-abate sectors at Reuters Events Hydrogen North America 2023, the hub for hydrogen’s scale-up.