Green hydrogen industry projected to reach USD 700 billion by 2050

Green hydrogen industry projected to reach USD 700 billion by 2050

Arthur D. Little sees greater interest in green hydrogen among Middle East policymakers and industrial players, according to their latest report. Entitled Paving the way for green hydrogen: Key considerations for green H2 deployment, the document examines the role green hydrogen will have in the future, elaborating on promising use cases and the next steps needed for successful deployment.

The report indicates three conditions necessary for the success of green hydrogen generation projects: cost-competitive production, reliability of production and supply, and hedging of risks to attract investors. Potential hydrogen demands are also examined, while decision-makers are provided with valuable opportunities analysis, risk limitation, and other risks and conditions related to policies and infrastructure.

Although ambitious targets are now being pursued through related projects, the possibilities that accompany the green hydrogen economy depend on several conditions across policy, supply, infrastructure, and demand.