Hydogen at Scale: Greening the Gigawatts
Hydrogen is expected to play a critical role in decarbonizing the global energy mix. It can be used to store renewably-generated energy, addressing intermittency issues; it can be transported in existing pipeline networks; as a fuel, it can decarbonize transportation, heating, and industrial energy generation. Today, hydrogen is primarily produced using fossil fuels and used as an industrial feedstock. But, driven by falling costs and post-COVID recovery plans that incorporate decarbonization, plans to adopt hydrogen as an energy source and carrier on a global scale are driving more than 23 gigawatts of planned "green" hydrogen projects — i.e., hydrogen produced using renewable energy — through 2030. Spending on these projects is expected to top $1 billion annually by 2023. Many challenges to developing green hydrogen on this massive scale remain, however. In this important session, Alex Klaessig, director of gas, power, and energy futures at IHS Markit, will discuss this key component of the energy transition and the implications for the project cargo pipeline and project logistics.