Exploring the growth and promising opportunities in the Global Hydrogen Market, as well as looking at new technology being worked on.
Here’s an article posted in CSIRO
According to the article,
- The global hydrogen production market was valued at $130 billion in 2021 and is estimated to grow at a rate of 9.2% per year, reaching a value of USD 2.81 billion by 2030.
- The demand for hydrogen is expected to grow from 87 million metric tons in 2020 to 500–680 million metric tons by 2050
In recent times, liquid organic hydrogen carriers(LOHC)-based hydrogen technology has been seen to be on the rise. With various benefits, especially that of easy storage that has been the main problem of conventional hydrogen technology, it possesses huge potential in the green hydrogen landscape.
The technology of hydrogen generation from liquid organic hydrogen carriers (LOHCs) has promising applications in several industries. Here are some notable areas:
Our specialty focus areas include 
- Transportation:
- Heavy Vehicles: It’s particularly promising for heavy-duty vehicles like trucks and construction equipment, where electrification is challenging due to battery weight and charging infrastructure limitations.
- Energy Storage and Grid Balancing:
- Grid-Level Storage: LOHCs can store excess renewable energy as hydrogen during periods of low demand and release it when needed.
- Balancing Intermittent Renewables: They help balance the grid by providing a stable energy source when wind or solar generation fluctuates.
- Remote and Off-Grid Applications:
- Islands and Remote Areas: LOHC-based hydrogen generators can provide clean energy where grid access is limited.
- Backup Power: They serve as backup power sources for critical facilities during grid outages.
- Decentralized Hydrogen Production:
- On-Site Generation: LOHCs allow hydrogen production at the point of use, reducing the need for centralized production and long-distance transport.
Interestingly, we have some other posts related to this content:
Global Hydrogen Production Market Growth: The global hydrogen production market was valued at $130 billion in 2021 and is estimated to grow at a rate of 9.2% per year, reaching a value of $2.81 trillion by 2030.
