The global hydrogen market is expanding, driven by increased demand for low-carbon and sustainable solutions. This expansion encompasses various forms of hydrogen, including green hydrogen produced from renewable sources, blue hydrogen with carbon capture and storage and other low-carbon options. How are countries working together to establish a global market economy? Which country’s energy policies are providing the most conducive environment for development? Will the momentum and interest in hydrogen continue long enough to establish hydrogen as the leader in the global energy landscape?
The build-up to COP28, and the event itself, saw a new impetus in regulations on methane emissions and flaring reduction from the U.S., Canada, Europe and others. The Oil & Gas Decarbonization Charter, and funding to reduce methane emissions, will help to facilitate action from emitters. What are the next practical steps for operators to implement these renewed commitments? Over what timeline will there be material impact of these changes?
The U.S. Department of Energy announced earlier this year the selection of a consortium to help accelerate commercial liftoff of the clean hydrogen economy and support the launch of the Regional Clean Hydrogen Hubs. The Hydrogen Demand-Side Initiative (H2DI) is actively working to design robust demand-side support measures that will expedite purchases of clean hydrogen produced by H2Hub-affiliated facilities. During the first public discussion since H2DI’s launch, David Crane (U.S. Under Secretary for Infrastructure) and Sec. Ernie Moniz, chairman of the consortium, will discuss: What is the vision for this initiative? What are approaches for driving clean hydrogen market formation? What types of demand-side support should be considered?
The development of large carbon management projects and hubs, involving complex partnership, is a key requirement for reaching net zero. While most megaprojects are still waiting Final Investments Decisions, some projects are materializing. What are the experiences in getting these regional projects off the ground? What is the expectation around costs and economics of these projects? What challenges still exist to enable smooth deployment?
The past years have been pivotal for clean hydrogen development. Targets have been set, supply incentives have been announced and regions across the globe are stating their ambitions. Yet, doubts over market readiness for the development of clean hydrogen are ramping up. Are off-takers willing to commit? Are these deals financeable? Various demand mechanism programs are being developed to tackle these questions. In this panel, we will discuss the auctions implemented by Europe and the projects recently announced by the U.S. DOE to design and implement demand-side support mechanisms.
Low-carbon energy hubs, including hydrogen and associated products, in conjunction with CCUS, have become a principal opportunity for scaling of hydrogen markets across the U.S., Europe and Asia (Japan, South Korea). How much can hubs be the main driver of hydrogen market growth globally? Should scale be the main target in the short term? How does the linkage between hydrogen and CCUS in these hubs impact the scope for hydrogen market growth?