H2Tech - Q4 2021 - 4

EDITORIAL COMMENT
www.H2-Tech.com
Global H2 forecast for 2022 shows
strength on continuing support
The low-carbon H2
sector is set to double in size this year,
according to research by BloombergNEF, helped by unexpected
growth from China in the first half of the year. This
doubling includes the electrolyzer market, which is anticipated
to reach at least 1.8 GW in 2022. Electrolyzer capacity
is forecast to expand rapidly over the near term, hitting
16 GW by 2024.
The COVID-19 pandemic has weighed on global H2
deA.
BLUME,
Editor-in-Chief
mand, which was approaching 80 MM tpy before falling back
in 2020 as reductions in fuel and fertilizer demand curbed
industrial H2
consumption. However, government support
for green H2, particularly in Europe and Asia-Pacific, has
helped significantly scale up production capacity this year and will propel sector
development forward in 2022. Furthermore, as tightening emissions restrictions
force more carbon capture and storage (CCS) projects to be implemented at processing
plants, analysts expect production capacity for blue H2
to double by 2025.
As of late September 2021, approximately 76 MW of electrolyzer capacity was
in operation worldwide. By the end of the year, an estimated 3.1 GW of capacity are
expected to have been added. After the startup of several large-scale electrolyzers
so far in 2021-such as a 10-MW unit at Shell's Rheinland refinery in Wesseling,
Germany in July and a 20-MW installation at Air Liquide's site in Bécancour, Quebec,
Canada in late January-a number of significant green H2
projects are set to
be commissioned in 2022.
For example, HydrogenPro will install the largest single-stack, high-pressure
alkaline electrolyzer at Heroya Industrial Park, Norway in Q1 2022, to produce
1,100 m3
/hr of green H2
. HydrogenPro is targeting an H2 production cost of $1.20/
kg in 2022, based on an electricity price of $20/MWh. Meanwhile, Linde intends
to start up the world's largest PEM electrolyzer, a 24-MW facility powered by wind,
at its Leuna chemical complex in Germany in the second half of 2022. Around the
same time frame, Repsol will start up a 2.5-MW electrolyzer to produce renewable
H2
at its Petronor refinery in Basque country.
Europe is on track to have 5.2 GW of operational electrolyzer capacity by 2024,
to which the new projects in Germany and Spain will contribute. The EU, however,
has an official target of 6 GW of electrolyzer capacity by 2024. According to
estimates, 6 GW of electrolyzer capacity would be able to produce up to 1 metric
MMtpy of green H2
.
spend $4.6 B on H2
Major moves are seen in Asia, as well. Chinese energy giant Sinopec plans to
by 2025. Its first green H2
project in Ordos, Inner Mongolia, is
produced from
set to come online in 2022 with a production capacity of 20,000 metric tpy, powered
by a 270-MW solar station and a 50-MW wind farm. The H2
the plant will be supplied to a coal chemical project. In preparation for releasing a
national H2
strategy, China stated in late September its ambitious plan to install 100
GW of electrolyzer capacity by 2030. Most of this capacity would come in the form
of alkaline electrolyzers, of which China is a significant and growing manufacturer.
With more national H2
economy.
4 Q4 2021 | H2-Tech.com
strategies anticipated to be released next year and more
project proposals and progress being earmarked daily, 2022 will be a powerful year
for building out the H2
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