Hydrogen News
- Deloitte predicts that the hydrogen market will surpass the value of the liquid natural gas trade by 2030, reaching $642 billion in annual revenue and growing to $1.4 trillion per year by 2050.
- Dutch Prime Minister Mark Rutte and Danish Prime Minister Mette Frederiksen met with Namibia’s President Hage Geingob to discuss energy cooperation.
Deloitte predicts that the hydrogen market will surpass the value of the liquid natural gas trade by 2030, reaching $642 billion in annual revenue and growing to $1.4 trillion per year by 2050. According to the consultancy, global trade and diversified transport infrastructure are crucial for unlocking the full potential of the green hydrogen market. Deloitte’s outlook suggests that by 2050, major regions engaging in global trade could generate over $280 billion in annual export revenues. In 2030, Asia is expected to capture 55% of the market, driven by soaring demand in China, India, and Indonesia. The report notes the need for more than $9 trillion of cumulative investments in the global clean hydrogen supply chain to achieve net-zero compliance by 2050. It also says that clean hydrogen presents a significant sustainable growth opportunity for developing countries.
Dutch Prime Minister Mark Rutte and Danish Prime Minister Mette Frederiksen met with Namibia’s President Hage Geingob to discuss energy cooperation. The purpose of their visit is to explore opportunities for signing energy agreements with Namibia, particularly in relation to the country’s multibillion-dollar green hydrogen projects. Rutte noted their intention to enhance cooperation on green hydrogen, accompanied by companies and knowledge institutions.
Additionally, the two European leaders are visiting South Africa and Morocco to engage in discussions about hydrogen collaboration. Bloomberg reports that state-backed firms from the Netherlands will help create a $1 billion green hydrogen fund for investment in South African projects as part of Dutch and Danish investments in renewable energy announced at an event in Pretoria attended by the leaders of the three countries. Read more
In May, Namibia initiated the feasibility stage of the green hydrogen project through an agreement with Hyphen Hydrogen Energy. Read more
Author: Bryan Groenendaal
Some of the news items were originally published in pv magazine and is republished with permission.
