H2Tech - Q2 2022 - 4

EDITORIAL COMMENT
www.H2-Tech.com
Infrastructure development will play
a crucial role in the global H2
bonization activities.
According to bp's Energy Outlook 2022, global H2
LEE NICHOLS,
Editor-in-Chief/
Associate Publisher
P. O. Box 2608
Houston, Texas 77252-2608, USA
Phone: +1 (713) 529-4301
Fax: +1 (713) 520-4433
Editorial@H2-Tech.com
economy
The world is engaged in an energy transition. Many nations
around the world have set ambitious net-zero emissions goals,
as well as enacted new regulations and initiatives to meet those
targets. Undoubtedly, H2
will play a major role in global decardemand
is
forecast to expand exponentially to 2050, reaching between
300 MMtpy-450 MMtpy (FIG. 1). Although the growth in
H2
accelerates in the 2030s and 2040s. According to the report, falling
H2
low-carbon H2 to compete against incumbent fuels.1
Capacity/infrastructure investments. However, to produce the needed H2
project announcements have continued to increase over the
projects have increased to more than 930 globally. New H2
to satisfy
future demand, an immense amount of capital investments will be needed. The
good news is that H2
past year. According to Gulf Energy Information's Global Energy Infrastructure database,
active H2
project announcements
are increasing, as well. This year, new H2 project announcements have
demand, a significant amount of infrastructure will be needed.
to demand centers and utilize it effectively?
increase more than 8% from Q1 to Q2.
To satisfy global H2
How will this infrastructure materialize? What type of infrastructure and technologies
are needed to transport H2
This month's Special Focus details several areas on H2 infrastructure development.
These investments and technologies will be crucial for the global adoption of H2
usage
in industrial, commercial and private consumption.
LITERATURE CITED
1
bp, " Energy Outlook 2022, " 2022 online: https://www.bp.com/content/dam/bp/business-sites/en/global/
corporate/pdfs/energy-economics/energy-outlook/bp-energy-outlook-2022.pdf
500
Other
Power
Net Zero
400
300
Accelerated
Transport (hydrogenderived
fuels)
Transport (direct use)
Buildings
Industry
Feedstock
200
Net Zero
100
Accelerated
2019
2030
2050
FIG. 1. H2 demand by sector to 2050. Source: bp's Energy Outlook 2022.
4 Q2 2022 | H2-Tech.com
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demand is modest over the next decade, demand significantly
production costs and tightening emissions policies allow
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Catherine Watkins
Catherine.Watkins@H2-Tech.com
EDITORIAL
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