Hydrogen’s critical role in the energy transition

Wood Mackenzie investigates whether hydrogen is a $1 trillion silver bullet for hard-to-decarbonize industries. Low-carbon hydrogen has a tiny share of the global energy market today. Investors, though, are betting on the long-term potential of this super-versatile energy carrier. Ben Gallagher, lead analyst on emerging technologies, describes how he sees the opportunity: First, a dramatic policy shift in the last few months has lit the fuse. Second, the economic case for green hydrogen is beginning to come together. Third, there’s a gargantuan task ahead to build supply. Capacity is growing exponentially even now – the project pipeline has ballooned from just 3.5 GW a year ago to 26 GW today. Read more here.