State of the Hydrogen Industry

Exploring Europe’s ambition for a Hydrogen Economy

Introducing S&P Global Platts Hydrogen Infrastructure Europe. Hear from senior decision-makers right across the hydrogen value chain to better understand the road map and what needs to happen to ensure Europe’s future Hydrogen Ecosystem.

Hydrogen is the most abundant element in the known universe and readily is used in industrial processes across the world, largely for oil refining and ammonia production. However, hydrogen is increasingly attracting interest from investors, policymakers and energy market participants as a low carbon substitute heating, industrial production, material production, power generation, and transport, however in order to develop further, infrastructure is needed.

Ambitious plans to create a dedicated hydrogen transport infrastructure in Europe have recently been expanded. This plan proposes to build a 39,700km hydrogen network that connects 21 European countries by 2040.

Join fellow colleagues, to hear from senior decision-makers right across the hydrogen value chain to better understand the road map and what needs to happen to ensure Europe’s future Hydrogen Ecosystem.

Why attend this event?

– Gain insight into the current market for Hydrogen, how will Hydrogen scale up?
– Delve deeper to better understand Europe’s Hydrogen Infrastructure plan
– Assess how policy is supporting the growth of Hydrogen in Europe and what more can be done
– Understand the current appetite for investment – Has COVID-19 slowed investment?
– Gain insight into Hydrogen’s true potential, are growth areas just constrained to heating and transportation?

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China has laid out some lofty goals for its climate action. In September 2020, it pledged that it would peak its carbon dioxide emissions before 2030 and hit carbon neutrality before 2060. This was followed in December 2020 by an announcement to enhance its nationally determined contributions under the Paris Agreement for 2030, including increasing the share of non-fossil fuels in primary energy consumption to around 25%. Earlier this year, it issued rules for its emissions trading scheme for the power sector and carbon trading is expected to begin in late 2021.

How realistic are these goals? How can China’s climate policy align with its economic and social goals? And what is the role for fossil fuels in a carbon neutral China?

These questions are more are addressed on this episode of Future Energy Podcasts, with S&P Global Platts Editorial Team Lead for LNG and Energy Transition Eric Yep, Platts Analytics Lead for Global Coal Matthew Boyle, Platts Senior Writer Oceana Zhou, and Dr. Philip Andrews-Speed, senior principal fellow at the National University of Singapore’s Energy Studies Institute

Dr. Andrews-Speed has 38 years of experience in the field of energy and resources, and his current research focuses on the low carbon energy transition in China and Southeast Asia as well as on the governance of nuclear energy. He is the author of the book China As A Global Clean Energy Champion, which looks at the institutions of governance that are shaping the trajectory of China’s low carbon energy transition.

The UK government’s hydrogen strategy will likely include measures for Contracts for Difference as well as incentives for green hydrogen in transport and large-scale industrial processes, ITM Power CEO Graham Cooley said June 10.

Cooley, who sits on the government’s hydrogen advisory council, which is compiling the strategy, said he had a positive view of the strategy, and expected to see CFD auctions and a renewable transport fuel obligation for green hydrogen.

“I hope to see incentives for green hydrogen that are contracts for difference auctions to incentivize large-scale industrial installations of electrolyzers, particularly for refineries, but also for ammonia,” Cooley said at an ITM Power trading update.

“I would also like to see an RTFO [renewable transport fuel obligation] announced for green hydrogen,” he said. “That’s what I’m expecting to see.”

The UK government’s Department for Business, Energy and Industrial Strategy said it was set to publish the strategy before the parliamentary summer recess on July 22.

The publication of the strategy has been pushed back several times already from the start of 2021.

The strategy would cover both blue and green hydrogen, Cooley said. BEIS deputy director hydrogen economy Rita Wadey said in May the strategy would consider carbon intensity as the primary factor in market development.

The UK’s RTFO introduced a “development fuel” obligation in 2019 which meant suppliers must provide 0.5% of such fuels. However, uptake of renewable hydrogen under the obligation did not materialize, law firm CMS said in April.

“Critics have attributed this to the lack of clarity over how hydrogen projects could participate in the RTFO,” CMS said.

S&P Global Platts assessed the cost of producing hydrogen via alkaline electrolysis in the UK (including capex) at GBP4.56/kg ($6.45/kg) June 9. PEM electrolysis production was assessed at GBP5.64/kg, while blue hydrogen production by autothermal reforming was GBP1.77/kg (including capex and carbon).

The journey towards decarbonization

The story of LNG and Hydrogen has never been more paramount. As new generation fuels which hold substantial promise for energy transition, LNG and Hydrogen are pivotal in the trajectory towards clean energy.

In partnership with Energy Market Authority, S&P Global Platts 7th LNG & Hydrogen Gas Markets Asia conference is part of SIEW (Singapore International Energy Week) – one of the biggest gatherings of policymakers, industry CEOs, and international thought leaders in the region.

The official gas event of SIEW 2021 will explore critical in-depth issues such as LNG markets in the post-pandemic cycle, risks to an emerging hydrogen economy, the latest developments in the industry’s burgeoning spot market, and the impact of energy transition and net-zero on the Asian gas markets.

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