Most Future Growth to Come from Green Hydrogen
STERLING, Va.
,
Jan. 17, 2023
/PRNewswire/ — Roughly 100 Mtpa of hydrogen was produced globally in 2022, and the production will quadruple in the next 15 years, says Information Trends. In an upcoming study, “Global Market for Hydrogen Production,” the company says that the bulk of the currently produced hydrogen is grey, but most of the future production will focus on blue and green hydrogen.
Most of the growth will come from green hydrogen because of its falling prices, said Tazeen Fatima, the research analyst who authored the report. Since the beginning of the war in
Ukraine
, gasoline prices have skyrocketed making green hydrogen cheaper than grey hydrogen and blue hydrogen, both of which are produced from…